The recent financial crisis has been a source of new hope for those who despise capitalism. The Democratic presidential candidate has gone out on a limb by declaring that the current crisis is the result of deregulation during the Bush presidency. (No such deregulation took place.) Slate.com's Jacob Weisberg has taken a more cautious approach. According to Weisberg, the current crisis is the result of the lack of new regulations rather than the shredding of old regulations. While Weisberg is not as obviously wrong as Obama, his claims are unsubstantiated, poorly argued, and false.
Has Libertarianism Ended? - D.W. MacKenzie - Mises Institute
I am only provided the introduction in order that most will take their time to read this article.