Class is now in session.
Should we have bailed out Chrysler? (Today GM, Wall Street, et al) Should government 'mandate' us to do things it deems to be in the self interest of the individual? ( The case then was seat belts, now it is health insurance)
We are now 3 decades past that interview. The conditions are more critical now.... we are at the watershed. Americans must decide.
Which 'invisible hand' do we prefer? The one referred to by Adam Smith and Milton Friedman? A 'hand' that acts as people act for themselves? An arrangement in which individuals, in an effort to improve themselves financially, provide goods and services or improve goods and services, to the betterment of all. Or, another type of 'invisible hand' ? One which is in your pocket and extracts money for use by the government, as the government sees fit?
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