History News Network

Departments

An Open Letter to my Friends on the Left

On my web page, I have posted an open letter to my friends on the left that attempts to persuade them that the current financial mess is not the product of free markets but a whole variety of government intervention. I further attempt to persuade them that, for reasons they might share, solutions that bailout the lenders and ask for more regulations will be counter-productive. I hope this letter also serves as a kind of "one-stop shop" (a Wal-Mart Super Center perhaps?) for a variety of examples of the role government intervention played in generating this crisis. It's about 3000 words, covering a whole number of related positions I've heard these friends argue for in the last couple of weeks.

If you have additional ideas, let me know, as I am more than willing to update the letter to cover things I might have missed. Other feedback is welcome as well, either in the comments or by email.

Cross-posted at The Austrian Economists.

Posted on Sunday, September 28, 2008 at 5:08 PM | Comments (4) | Return

Home Newsletter Submissions Advertising Donations Archives Internships About Us FAQs Contact Us All Articles