Monday, April 06, 2009

Freedom's just another word for nothing left to lose

Keith Hennessey -- who sat in top economic advisory positions in the Bush White House for 6 years as the financial time bombs ticked -- is unhappy that the commitment to "free markets" which appeared in the November G20 communique was not replicated in the April successor. One might have thought that a crisis brought about by rampant finance capitalism would not be a great time to be hyping free markets but there you go. And anyway, who was it back in November who needed reassurance about the power of free markets? --

Those of you who have followed my career know that I'm a free market person -- until you're told that if you don't take decisive measures then it's conceivable that our country could go into a depression greater than the Great Depression’s.

That would be Hennessey's boss, George W. Bush!

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