The latest issue of the
The Freeman: Ideas on Liberty (October 2008, Vol. 58 No. 8) has an interesting article in which Lawrence H. White rebuts Paul Krugman's view that the subprime crisis is the result of too little regulation. See
The Subprime Crisis Shows That Government Intervenes Too Little in Financial Markets? It Just Ain’t So! (pdf). White is the F.A. Hayek Professor of Economic History at University of Missouri - St. Louis.
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