This is a great interview with Gary Becker. I'm not an expert in economics - but I do enjoy the subject and have spent time reading many editorials on the latest events. I tend to side with Gary the most. Specifically in the belief of free markets and their ability to correct themselves. The mistake of having an inconsistent policy at the Treasury and the hard questioning of "Keynesianism."

On top of that, I'm always reminded what Leo Tolstoy taught me from War and Peace. "The human mind is not capable of understanding colossal events." He was attributing that to war, but I think it's also applicable here.

Alan Greenspan further confirmed this view by saying "we are just not smart enough" when he testified in the congress last year.

Great read: Here it is.