I'd hardly consider Paul Jacob a radical libertarian, but he's spot on today in discussing what's not to blame for our current economic debacle: the free market. Amid rampant finger-pointing by pundits and politicos, the author of the Common Sense newsletter makes a very astute observation about the American economy:
We haven’t had a free market. We live in a heavily regulated, subsidized, coddled-and-attacked, over-taxed society. If the current debacle proves any system unfeasible, then the one proven wrong is the one we have. It’s the mixed economy that has proven to have worse than mixed results.
Too bad common sense is just about the most uncommmon thing around.