creditmarket en Econ 101: The Financial Crisis and Danger of Government Intervention <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/gary-wolfram-phd-0">Gary Wolfram, Ph.D.</a> </div> </div> </div> <p >     Ludwig von Mises in a classic 1927 book, <i style="mso-bidi-font-style: normal">Liberalism</i>, wrote that government intervention in markets would lead inevitably to unintended consequences that resulted in further government intervention.</p> <br /> <p >     The current financial difficulties are the result of a series of government actions that has culminated in vastly expanded government intervention in the credit markets, which may provide short-term relief but is dangerous in the long run.</p><p><a href="" target="_blank">read more</a></p> Commentary MRC Business Austrianeconomics BrianWesbury CommunityReinvestmentActof1977 creditmarket FannieMae financialmarkets FriedrichHayek greed Liberalism LudwigvonMises malinvestment marktomarket NewDeal WallStreet Wed, 08 Oct 2008 12:12:04 +0000 admin 29700 at