The attempt to place the blame on laissez faire is readily confirmed by a Google search under the terms “crisis + laissez faire.” On the first page of the results that come up, or in the web entries to which those results refer, statements of the following kind appear:
* “The mortgage crisis is laissez-faire gone wrong.”
* “Sarkozy [Nicolas Sarkozy, the President of France] said ‘laissez-faire’ economics, ‘self-regulation’ and the view that ‘the all-powerful market’ always knows best are finished.”
* “‘America’s laissez-faire ideology, as practiced during the subprime crisis, was as simplistic as it was dangerous,’ chipped in Peer Steinbrück, the German finance minister.”
* “Paulson brings laissez-faire approach on financial crisis….”
* “It’s au revoir to the days of laissez faire.”
Read more at: Ludwig von Mises Institute
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