A bruising retort to Arianna Huffington ("
Laissez-Faire Capitalism Should Be as Dead as Soviet Communism") appeared in a comment at
Hot Air's Green Room. Suffice it to say that Arianna loses the debate with our anonymous commenter -- badly.
The free market did not cause this crisis, the government did.
The free market did not create Fannie Mae, Freddie Mac, Ginnie Mae and Sallie Mae, the government did.
The free market did not pass laws that forced banks to lend to those who do not qualify for a loan, the government did.
The free market did not take us off the gold standard, the government did.
The free market did not dump trillions of dollars of cheap money into the system causing the largest asset bubble in history, the government did.
The free market did not create multiple multi-trillion-dollar unfunded entitlement programs, the government did.
The free market did not write a 60,000+ page tax code that punishes work, rewards sloth and buys the votes of special interest groups, the government did.
The free market did not destroy public schools with forced unionization of teachers and a systematic failure to teach generations of students civics and financial literacy, the government did.
The free market did not drive our jobs overseas and kill our entrepreneurial spirit with over-taxation, over-regulation and frivolous lawsuits, the government did.
The free market did not ban drilling for oil, vilify coal and block the building of nuclear power plants in the United States, thereby transferring hundred of billions of dollars of American wealth and many thousands of energy-industry jobs to foreign countries, the government did.
This crisis is the result of a giant social engineering experiment and vote-buying scheme gone tragically wrong.
The free market does not try to engineer society or buy votes, the government does.
The government caused this crisis, the free market did not.
The government cannot fix the crisis, the free market can.
Word.
Only the free market can.
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