On Markets and Regulations
Posted on April 21st, 2009 by Niket
[W]hen it comes to actual goods and services–which hybrid automobile engine is best–the market is inevitably a better judge of quality than the government. But untrammeled markets, in which Ponzi products are traded back and forth, need to be policed and eliminated–and the government has an important, and necessarily intrusive, role in channeling us back toward a rock-solid foundation and away from the flim-flam that is choking us. That is where we stand now. That is what the bankers refuse to acknowledge, but it is what the public voted for last November.
You write very well.