This is Argyn's blog. I comment on topics of my interests such as software, math, finance, and music. Also, I write about local events in Northern Virginia, USA and all things related to Kazakhstan

Friday, September 19, 2008

Free market proponents, where are you?

Did you notice that free market/trade advocates shut up and hide in their ivory towers when markets are down?

When markets are up, you can't get rid of these folks, they occupy CNBC and Wall Street Journal. It takes just a little beating and all of a sudden there's "systemic risk", "too big too fail" and other chants are picked up the chorus. Next thing you see is supposedly conservative government bailing one bank after another.

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