Re: WASHINGTON MUST BAILOUT RETAIL SECTOR

Thu, 11 Dec 2008 20:58:47 -0800 

I agree.

On Dec 11, 10:09 pm, Taylor <[email protected]> wrote:
> <<In this book, Smith describes free market enterprise and the
> invisible hand of the market,
> which the United States does not embrace. >>
>
> I don't think you will find anyone who embraces a complete laissez-
> faire philosophy anymore.  Adam Smith came before the Depression.  The
> goal of government is generally to smooth out the ups and downs of the
> natural business cycle and to foster competition.
>
> The "invisible hand" normally works well, but needs help every now and
> then.
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