Hi Laurence,

Too few people make a clear and cogent defense of free markets when there is indeed one to be made. As you illustrate in your response, policy proscriptions all too often create unemployment, not markets. And certainly not innovation. Even the most selfish and stingiest among us helps grow the economy simply by placing his or her money in the bank (or buying stocks or bonds) as that capital is lent out to productive investment. Only policy can slow down the natural flow of money. Thank you for your comments!