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Letter Re: UCLA's Eye-Opening Colloquium on the Worldwide Financial and Economic Crisis
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 Government Did It
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
