Sunday, September 23, 2007
Please Explain #4
We hear it from the right wing all the time: "Big Government is anti-capitalist! Let the free market decide!" Or, from Ronald Reagan himself: "Government is not a solution to our problem, government is the problem."
The free market worshippers claim all the world's problems would be solved if we'd only let the God-ordained free markets operate unfettered. Well, last week Jon Stewart asked the Big Kahuna of free markets, Alan Greenspan, a simple question, which I'll paraphrase:
"If the United States purports to advocate a free market economy, than why do we need The Fed to regulate it?"
Check out the answer.