Kevin_Kennedy
Defend Liberty
- Aug 27, 2008
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I think you should read Woodward's "Maestro" on Greenspan before you draw that conclusion as your final one. With the exception of Jimmy Carter, he served every president since 1969, and there have been several tumultuous economic situations in all that time, and the free market has survived it all (so far), even this one. I haven't glanced at that book in a long time, but I do remember being struck by Greenspan telling Woodward that the president he felt best understood the economy was Bill Clinton.
I can look up the things Greenspan has done easily enough on the internet, and his policies were not indicative of any support for a true free market. However, you seem to be of the opinion that we currently have a free market, which means that you, like Dev, do not have an accurate idea of what a free market really is.
I know we don't have a free market. We haven't has one since the emergence of city-states. However, in order for such a system to exist ( the models proposed by Rothbard and von Mises and, to a lesser extent, von Hayek), all actors in said system would have play by the rules. Given the nature of human beings, this is never going to happen. Groups of people, whether it's the state or corporations, pursue their own agendas.
Yet fraud would still be a crime on the free market.