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Tristyn Bloom
Matthew Cantirino
Anthony Esolen
Gene Fant
Greg Forster
Matthew J. Franck
Collin Garbarino
Robert P. George
William J. Haun
Leroy Huizenga
Katherine Infantine
Joseph Knippenberg
David T. Koyzis
Robert T. Miller
Matthew Milliner
David Mills
Mark Movsesian
William Mumma
Nathaniel Peters
R.R. Reno
James R. Rogers
Russell E. Saltzman
Matthew Schmitz
Kevin Staley-Joyce
David Talcott
Anna Williams
In response to Michael Moore’s new documentary, Capitalism: A Love Story, the Acton Institute has produced a four-minute video rebuttal that makes the case that it was government meddling with the free market—not free markets—that led to the current financial crisis.
September 29th, 2009 | 9:34 am
Hooray for Acton, for shedding clear light on things, always in the context of Christian principles.
It’s instructive to note that for years before the collapse, certain voices in the wilderness were pointing to the fraud of Fannie and Freddie, and the mounting problems that their fraud were leading to. In particular, review the Wall Street Journal op-ed page on this subject for the several years prior to the bursting of the bubble.
The Bush Administration also tried to bring the problem to a halt, but to its discredit, did not try hard enough.
September 29th, 2009 | 9:01 pm
What twaddle: small truths seeking to evade bigger truths. The creation of certain types of CDOs and credit default swaps – and the monumental and pervasive failure to model declines in the housing markets – was something entirely a creation of private enterprise, shielded from regulation courtesy of Sen Phil Gramm et al in 1999. These tremendously amplified the risks, and made them systemic for the whole economy. You cannot credibly pin that on the big bad gummint.
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