Market fundamentalism

posted by
December 22, 2010
Liberale et Libertaire
by dL  
Posted in Commentary

"Conservatives are supply-siders; they are not market fundamentalists. If they were, then we would have legal drugs and prostitution. In many respects, the application of an Efficient Market economic analysis to law is anathema to the conservative mind. Frankly, these days, 'market fundamentalism' as technically understood, is dead. No one takes seriously anymore an Efficient Market Hypothesis applied to political economy. Market Fundamentalism now only survives as a straw man term." (12/22/10)

http://rulingclass.wordpress.com/2010/12/22/market-fundamentalism/  

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