Libertarian John Stossel says capitalism and our free market are under attack. His adversaries disagree. Their argument: Left alone, the free market leads to negative consequences such as income inequality and therefore should be regulated. “Politicians keep passing laws to regulate the market, try to fix it, make it more fair,” Stossel says. “Laws like Obamacare, Dodd-Frank, the $800 billion stimulus, farm bills, the minimum wage and so on.” Stossel debates the free market vs. income inequality with New York Congressman Charlie Rangel and economists Abby McCloskey of the American Enterprise Institute and Victor Clear of Henderson State University.
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Stephen Green recaps the latest media blunders and political gaffes in a new edition of The Week in Blogs. Learn how:
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