You know the rest.
Ilya Somin, Matt Welch and Jesse Walker ably take apart Jacob Weisberg's attempts to blame the current financial crisis on libertarianism.
I am convinced, however, that the link between free market economics and the Republican Party in general and Georeg W. Bush in particular has caused a serious problem in terms of public respect for free market ideas and will for some time.
Yes, many of of us who consider ourselves advocates of a free market know that Bush's policies were far from laissez faire. But look at how many self-proclaimed libertarians and free market types endorsed Bush, campaigned for him, served in his administration and covered for him. Some of them may have criticized the administration on particular issues, but many still stood by him until the last couple of years.
Can we blame the public for believing the policies of the Bush administration, the policies of the Republican Party and the free market are all one and the same?
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