Russell Roberts stands athwart the calls government for regulation and bailouts and yells: look in the mirror, government. Check out this piece and consider this quote:
Both presidential candidates will promise a risk-free world with high returns. But peddling that fantasy is the cause of the current crisis. We treat our children this way–we do our best to insulate them from harm and still allow them to grow. I’d like politicians to treat me as an adult, paying the price for my recklessness and reaping a reward when I am prudent. Returning to that world, the world of markets, is the beginning of a return to stability.
The leftists are using the meltdown to blame capitalism, but the government they love let the greedy and regulators collude, which would not happen in an "organic market." In this NPR radio segment (starting at about 18:20) Russ begins to explain that we can’t spend other people’s money and expect the incentives not to let rational self interest turn into greed without risk.
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