As with the government failures that made 9/11 possible, neglecting to prevent the crash of '08 was a sin of omission - less the result of deregulation per se than of disbelief in financial regulation as a legitimate mechanism.

The worst thing you can say about libertarians is that they are intellectually immature, frozen in the worldview many of them absorbed from reading Ayn Rand novels in high school. Like other ideologues, libertarians react to the world's failing to conform to their model by asking where the world went wrong.

The best thing you can say about libertarians is that because their views derive from abstract theory, they tend to be highly principled and rigorous in their logic.

Jacob Weisberg Quotes