By Eric A. Posner The New Republic July 5th, 2012 THE FINANCIAL CRISIS of 2008 shook the faith of many people in free markets. It marked the end of a political consensus in favor of limited regulation and low taxes that began in the late 1970s. In that decade, an influential group of commentators blamed economic stagnation on strict regulation, high taxes, and lax monetary policy, arguing that these policies undermined incentives to invest and hence suppressed ... Read More
