To Market, To Market . . .
I am still thinking about the stimulus plan, and the role "market forces" played in making this mess.
In recent years, many thought the economy worked best when it was left to its own devices, free of federal regulation or oversight. The laws of supply and demand would work harmoniously and all would prosper, corporate, private, and individual interests alike. This theory prevailed for quite some time, and we see around us the consequences of this "free market" approach.
And did it work? Well, in a word, no.
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