Financial markets left to their own devices do not make economies and those who live in them free, despite what Milton Friedman said. Lots of data over 40 years shows we’re actually worse off. We need a new way to think about markets, economic policy and what we want our society to provide. I map out a route in my new book, The Road to Freedom, published by @wwnorton, out today. To order: wwnorton.com/books/97813240…
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@JosephEStiglitz > Financial markets left to their own devices Ah yes, the unfettered financial markets. Hopefully your book will finally lead to the creation of the first regulatory bodies for the laissez faire financial sector.
@archerships @JosephEStiglitz What is the Security and Exchanges Commission then?