Greenspan and the Free Market

[selfishgene]

Greenspan now (2008)
Greenspan Admits Free Market Ideology Flawed

and then (2001 - random example)

The Federal Reserve Board today announced the settlement of its administrative enforcement proceeding against Incus Co., Ltd. and Carlos Hank Rhon

Comments

Hear! Hear!

[hodja]

It is disgusting that when one of the most regulated, least free market with super-high barriers to entry, government-granted monopolies and oligopolies, etc. duly fails, some people who are directly responsible for the failure blame it on "flaws" of the "free market", and demand more control. Next, they are going to propose themselves for the role of supervisors...