We do not have a free market in America; shoving Goldman Sachs alumni into the Treasury Department like clowns into a Volkswagen is not a free market policy.
This video features Russ Roberts’ familiar, impassioned “Profits encourage risk taking, losses encourage prudence.” At the end, Russ implores us to try capitalism. I think he should have said “freedom” instead of “capitalism,” because I think Russ’s aims are the same as Sheldon’s: down with cronyism, down with taxpayer financed risk taking, down with “socialism for the rich,” down with the arbitrary selection of winners and losers by government bureaucrats.
P.S. I wanted to embed the Stossel-Roberts-Mossburg interview but I couldn’t figure out how to do it from the instructions on FBN’s page.