The title of this piece tells it all. It is not that our author does not believe in markets but that he thinks they have many natural limitations. He welcomes them when empirical evidence suggests that they work. But in this fine and necessary criticism of conventional "rational-person"...

Timothy Geithner had not adequately defended his record. He was basically there while the crisis developed. He seems to think his main job was to save the day after the damage had been done.