Free Market Follies

Free Markets Don’t Fix Everything.

Cartoonist Adam Zyglis created a really wonderful cartoon shortly after the 2008 economic crash – see below and view at original site here:

They don't need stop signs, they can self regulate

What I like about this cartoon is that it all comes back to Hayek.  Friedrich Hayek, the economist, whom free market fanatics like to quote when they claim that the government should not be doing … anything.

They argue, like Hayak, that despite its inequities, the free market does a better job of distributing goods and services than a central government can.  The problem is – that’s not all that Hayak said.

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