Don't Like the Economy? Blame the Libertarians

by Benjamin Domenech on 1:23 am April 29, 2009

Henry Kaufman argues that the “failure to spot the importance of changing financial markets and its commitment to laissez faire economics were big mistakes and justify a fundamental overhaul of the Fed.” But is the failure to recognize the dangers of securitization of hard-to-trade assets really a fault of libertarians? They were hardly alone.

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