John Cassidy Fails in His Critique of Markets - Robert P. MurphyQuicklink submitted by Darren Wolfe Permalink
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|Cassidy first caricatures the case for free markets, then tries to demonstrate the hypocrisy of a 'free-market' financial bailout. Yet his arguments obviously don't bear on whether markets fail or need government supervision. Indeed, Cassidy himself acknowledges that what happened at the end of the Bush administration was anything but the free market.|
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