Friday, April 25, 2008

The free market works - when it's atually 'free'

From the Foundation for Economic Education's In Brief daily newsletter:

Economic Turmoil Easing
4/25/2008
"Financial markets are starting to function more normally, banks are raising billions of dollars in capital, and the latest economic figures, while weak, aren't much weaker than had been expected. Taken together, these signs of stability make for the calmest economic period the nation has experienced in months." (Washington Post, Friday)

But the politicians haven't yet had a chance to intervene and take the credit!

1 comment:

Tim Higgins said...

Maggie,

Isn't it interesting in light of this news, that the "economic stimulus" checks are beginning to roll out a week early. Does this not point out, once again, that government interference in the economy always comes too late, after the free market has fixed itself?

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