Free-market capitalism has nothing to do with the current financial crisis. Competition was good then and it is good even today. Government intervention was bad then and it is bad even today. The main problem is the American over-confidence in their ability to manage events and crisis around the world. Europe is their alter-ego. They [...]
Filed under: American, International | Tagged: America sneezes, American bureaucrats, American over-confidence, current financial crisis, Economic Contraction, Free-market capitalism, Government intervention, January 20th 1981, Ronald Reagan | Leave a Comment »
