"Minsky proposed a much more active government to serve as a counterweight to the financial sector. To him, that meant tougher financial regulation, of course ... but it also meant establishing New Deal-style government jobs programs to shore up the economy's base.
Conservatives, of course, would denounce such a program as "socialist." Even today -- after all that's happened -- it's almost impossible to imagine a politician quoting Minsky's assertion that "Big Government is the most important reason why today's capitalism is better than the capitalism which gave us the Great Depression." "
Government stained crony capitalism is a system resting far from a truly free market.
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Conservatives, of course, would denounce such a program as "socialist." Even today -- after all that's happened -- it's almost impossible to imagine a politician quoting Minsky's assertion that "Big Government is the most important reason why today's capitalism is better than the capitalism which gave us the Great Depression." "
Government stained crony capitalism is a system resting far from a truly free market.
Educate yourselves: Mises.org, LewRockwell.com