'Cowboy capitalism': Free markets still preferable

There is nothing new under the sun. The United States has endured major financial panics in 1837, 1873, 1893, 1907, 1929, 1933 and now in 2008. Most of these economic events had ideological and political consequences — as well as the inevitable economic play-outs. And, if history is any guide, contrary to the hope of some and the fear of others, this is not the end of capitalism as we have known it.
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