Mises.org reports on false confidence in the state to guarantee stability, and…

Moreover, as many commentators have remarked, guaranteeing large financial firms from failure will bring calls for regulating them still more tightly. This is an old story: past political interventions create the reasons for new ones.

The present financial turmoil is really a failure of global statism. Socialism has failed once again. Let’s try capitalism.

read more | digg story

Comments are closed.