Mises Daily  Home | Library | Deliberately Misplaced Blame
Deliberately Misplaced Blame  April 8, 2009  Tags Booms and
BustsMedia and CultureOther Schools of ThoughtPolitical Theory
Let's play a game. I have a not-so-famous quotation to share
with you, and then you guess who said it:   I'll give you a
hint; it was spoken by a sitting US president. Not quite enough?
How about multiple-choice? Was the speaker    1. Current
president Barack Obama   2. Overseer of the first-round, $700
billion bailout George W. Bush   3. New Deal designer Franklin
Delano Roosevelt   4. "Hands-off" free-market supporter Herbert
Hoover  Ponder that for a minute or two, and we'll come back to
the answer later on.  Geesh! Free-market, laissez-faire
capitalism sure has been taking a beating in the press lately.
The official story seems to be that everyone knows the financial
crisis represents a failure of the capitalist system, and now
only a "gigantic program of economic defense" will save us.  I
suppose that would make plenty of