An overview of the problem of government regulation / James F. Gatti -- Government regulation and a free society / William E. Simon -- A new threat to freedom: the challenge of the 1980's / Harry J. Bolwell -- Poverty, the distribution of income, and social policy: some thoughts / Thomas Sowell...

Market failure and the need for stronger state involvement in the economy has become the dominant perspective in the interpretation of the subprime crisis. After providing a brief description of the various stages of the crisis, the paper challenges this view by showing how monetary, fiscal and...