Free Market Policies Needed to Solve the Crisis
By David Holcberg (Guardian, October 15, 2008)
President Bush said the U.S. government will “aggressively” use a “wide range of tools” to resolve the financial crisis.
Apparently, Bush’s “wide range of tools” is not wide enough to contain a single free market policy. All the “tools” our government has aggressively used to date--bailouts, takeovers, bans on short selling, manipulation of interest rates, creation of fiat money out of thin air, increased spending--have been yanked right out of the socialist and fascist toolkits.
We will only get out of the mess created by our government if it cans all of those “tools” that got us where we are and starts freeing the market from its statist policies.