The Corner

A Firm Faith in the Free Market

Item:  September 25, 2008, French President Nicolas Sarkozy: “The all-powerful market that is always right – that’s finished.”

Item:  October 3, 2008, Chairman of the Federal Reserve, Alan Greenspan: “This crisis has turned out to be much broader than anything I could have imagined”

Item:  January 12, 2009, President George W. Bush: “I readily concede that I chucked aside some of my free market principles.”

Item:  Today on Uncommon Knowledge, I ask former Australian Prime Minister John Howard whether the financial crisis caused him, too, to reconsider his belief in free markets.  His reply?

No.

Watch here.

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