Johnny Munkhammar skrev på denna blogg från 2004 till sin död 2012. Bloggen är upprätthållen som ett minne och som referens till Johnnys arbete av Johnny Munkhammars minnesfond.

This blog was operated by Johnny Munkhammar from 2004 until 2012 when he passed away. This blog is now in a memorialized state and operated by the Johnny Munkhammar fund.
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Thursday 25/07/2024, 02:22:40

30/09/2008 10:00:53 am
Crises Are Dangerous For Freedom. If Naomi Klein had been correct, these times of financial crisis would be a great opportunity to launch free-market reforms. But, as The Economist points out, the opposite is likely to happen:

"The reaction to the crisis is bound to go too far, and allow the state to get too big."

What many see is the crisis in financial markets. Therefore, it is easy to blame those markets (and naturally, there will always be downturns in markets). But what many do not see are several underlying causes of the crisis; state interventions such as bad regulations, semi-government companies and an expansionist monetary policy.

Despite the apparent risk of a policy tilt towards more government intervention - which partly causes the crisis - some don′t want government to take part of the blame. Sometimes, the search for a middle way to everything is a greater threat to freedom than big government advocates themselves.

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