Edward Charles Ponzi Jr. sends along a link to an article by Doug Noland. I don’t know who that is, and I don’t agree with some of what’s in his article, but I do agree with this:
It is also as ironic as it was predictable that Alan Greenspan – Ayn Rand “disciple” and free-market ideologue – championed monetary policies and a financial apparatus that will ensure the greatest government intrusion into our Nation’s financial and economic affairs since the New Deal. Articles berating contemporary Capitalism are becoming commonplace. I fear that the most important lesson from this experience may fail to resonate: that to promote sustainable free-market Capitalism for the real economy demands considerable general resolve to protect the soundness and stability of the underlying Credit system.