Free Markets Didn't Create the Financial Mess

If you turn on CNN, you might think that the financial crisis was caused by the free market and "corporate greed" - not poor economic policy.  "Corporate greed" is a great catch-phrase for slimy politicians: they create an "evil side" (in this case, corporate executives) and promise to be the candidate who will fight for the "good side" (the government) against these manipulative corporate fat-cats who are responsible for everything bad in the world.  Think I'm over exaggerating?  Check out this YouTube video (along with the YouTube link above).  

But thankfully, not all politicians are political opportunists.  Some actually know a thing or two about economic policy - and those that do understand economic policy also recognize that this financial mess was caused by government policy, not the free market  Don't believe me?  Click here.  

Dr. Paul's argument is that Wall St. shouldn't be bailed out, but his explanation of the meltdown is more important: he shows how poor monetary policy and artificially low interest rates created unsustainable practices in the (unfree, over-regulated) market.  What's more, is he does so using easy-to-understand terms and concepts.  Heck, even I understood his argument.

I'll probably be criticized for using a "right-wing" source for my explanation of the financial situation, but last time I checked, the market actually depends in part on monetary policy and not corporate greed.