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?