Thursday, October 30, 2008

The Attack on Libertarianism

Weisberg writes, "We have narrowly avoided a global depression and are mercifully pointed toward merely the worst recession in a long while. This is thanks to an economic meltdown made possible by libertarian ideas."

Hogwash!

The economic meltdown was made possible by endless government intervention, fractional reserve banking, fiat money, government control of money and monetary policy, and our modern day mercantile economy.

Aaron David Ward challenges those who blame the free market for the housing and banking problems.

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