The Myth that Laissez Faire Is Responsible for Our Financial Crisis
October 24, 2008
The news media are in the process of creating a great new historical myth. This is the myth that our present financial crisis is the result of economic freedom and laissez-faire capitalism.
George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics and the author of
Capitalism: A Treatise on Economics (Ottawa, Illinois: Jameson Books, 1996). His website is www.capitalism.net and his blog is www.georgereismansblog.blogspot.com. Follow him on Twitter.
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