Lawrence Kudlow

Keep faith in free market

Despite the historic expansion of the federal government's involvement in, intervention in, and control of the economy - including Bailout Nation; takeovers of banks, car companies, insurance firms, Fannie, Freddie, American International Group Inc., General Motors, Chrysler, and GMAC; large-scale tax threats; overregulation; an attempted takeover of the health-care sector; ultra-easy money; a declining dollar; and unprecedented spending and debt creation - despite all the things that would be expected to destroy the economy - all this socialism lite and the degrading of incentives and rewards for success - despite all this, the U.S. economy has not been destroyed. Published December 31, 2009