Comments on: The Death Of Free-Market Capitalism Is Greatly Exaggerated http://www.thelibertypapers.org/2008/10/20/the-death-of-free-market-capitalism-is-greatly-exaggerated/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Mon, 17 Jun 2013 22:29:16 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Mark http://www.thelibertypapers.org/2008/10/20/the-death-of-free-market-capitalism-is-greatly-exaggerated/#comment-60631 Mark Tue, 21 Oct 2008 13:45:44 +0000 http://www.thelibertypapers.org/?p=3058#comment-60631 I was going to write a more detailed comment, but then I saw that Brad wrote most of what I would have written. The sense I get from the paragraph is essentially “government regulation exists and is unavoidable; but to the extent that it is unavoidable, intervention should be done rarely and with a goal of maintaining a stable currency taking precedence over short-term “stimulus.” When government does intervene to prop up businesses (which should be done rarely, if ever), that intervention should come with strings attached to protect the taxpayer to the fullest extent possible.”

]]> By: Brad Warbiany http://www.thelibertypapers.org/2008/10/20/the-death-of-free-market-capitalism-is-greatly-exaggerated/#comment-60621 Brad Warbiany Mon, 20 Oct 2008 23:10:23 +0000 http://www.thelibertypapers.org/?p=3058#comment-60621 Doug,

I read that paragraph differently than you do… I read it more as the below:

“Government overreaches of regulation in some areas and lax behavior in others, coupled with letting social goals drive policy instead of economic stability, have caused innumerable problems over the last decade. In order to fix the problem, the government should commit itself to a stable dollar, minimal and predictable regulation, and embarking on social projects only when the costs and benefits are justified. This “chicken in every McMansion’s kitchen” type of privatized profit and socialized losses capitalism is dead, and we say Good Riddance.”

I don’t see a call for huge new government meddling in their paragraph. I see it as the typical response of a limited-government entity. Have just enough regulation to keep markets free and fair, and just enough of a safety net to keep people from starving in the streets. Let the market work out the rest.

I’m not sure how the author intended the paragraph, but that’s the reading I have– particularly after the two preceding quoted paragraphs.

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