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The linked blog post from Posner is excellent: http://www.becker-posner-blog.com/2012/06/capitalismposner.html http://www.becker-posner-blog.com/2012/06/capita

• bryanlarsen 14y ago
  The number of comments disagreeing with his post certainly helps explain why we've gotten in such a mess.
  • magila 14y ago
    To be fair, calling Alan Greenspan an advocate, let alone a practitioner, of laissez-faire economics is kind of like calling the pope an atheist.
    • _delirium 14y ago
      Since he was one of the contributors to Capitalism: The Unknown Ideal (1966, http://www.amazon.com/dp/0451147952 http://www.amazon.com/dp/0451147952), one of the more influential laissez-faire manifestos of the late 20th century, I think it's fair to say that he was an advocate of laissez-faire economics during at least a portion of his life.
      • magila 14y ago
        Ok, but the blog post was clearly referring to Greenspan's actions/statements during his tenure as Chairman of the Federal Reserve by which time his credibility as an advocate of laissez-faire was out the window.