Blaming the free market (letter)*

Sir,How unfortunate that Alan Greenspan’s confused concession over “too much faith in the self-correcting power of free markets” and “deregulation” should be cited as a sort of mea culpa following the financial meltdown in the United States (John Ballantyne, “The chilling creed of the radical libertarians”, News Weekly, August 21, 2010).Far better reasons for the crisis can be found in the federal finagling going back to President Jimmy Carter’s era. The Federal Reserve was created in 1913 by an…

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