Mythology of Market Discipline Unraveled by Market Crash


Dear President Obama,

Your overriding goal seems to be equal economic opportunity and liberty for all. This goal is lofty democratic. It represents your party’s ideals. The principle of equality has inspired prominent republicans like Abraham Lincoln. America has become powerful and rich due to an adherence to the principle equality. This principle attracted talents and capitals to America, unlike any other nation, to make country nonpareil on earth. But the principle of equal economic opportunity can be easily misunderstood socialism in the current trying times, especially when you present a legislative agenda that imputes taxes and higher health insurance premiums.

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