Comments on: Kolasky on What Happens with the Section 2 Report http://truthonthemarket.com/2008/12/13/kolasky-on-what-happens-with-the-section-2-report/ Academic commentary on law, business, economics and more Sat, 02 Jun 2012 12:17:14 +0000 hourly 1 http://wordpress.com/ By: Adam Smith http://truthonthemarket.com/2008/12/13/kolasky-on-what-happens-with-the-section-2-report/#comment-7447 Sun, 14 Dec 2008 20:22:20 +0000 http://www.truthonthemarket.com/2008/12/13/kolasky-on-what-happens-with-the-section-2-report/#comment-7447 “highly laissez-faire standard”

Does it bother anyone else that “laissez-faire” is becoming a bad word? All of the sudden the invisible hand is what is choking the economy. The demon of deregulation obviously built and burst the housing bubble (please excuse the alliteration and sarcasm). America was built on a free-market economy, but the foundations of that economy are being hit from all sides on a daily basis. The worst part is, this economic downturn isn’t even as bad as previous recessions (yet), but we are so ready to abandon the principles that have taken us this far. This is just another step from wealth of nations to the wane of nations.

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