Hi Jim,
I’m responding to Tuesday’s article Letter Re: UCLA’s Eye-Opening Colloquium on the Worldwide Financial and Economic Crisis in which the general cause of the crisis was ascribed to too much economic freedom. The following articles make the opposite case, that it was actually caused by government interference in the markets:
The Myth that Laissez Faire Is Responsible for Our Financial Crisis
Alan Greenspan vs. Ayn Rand and Freedom
Stable Money is the Key to Recovery
As pointed out in the article Stable Money is the Key to Recovery, “…some three-quarters of the massive derivatives market, which has wreaked the most havoc across global financial markets, derives its investment allure from the capricious monetary policies of central banks and the chaotic movements of currencies.”
Best Regards, – Tim L