This if beautifully written! Thank you for posting this.

The biggest thing I take issue with is this:

Barack Obama says today’s economic problems are “a stark reminder of the failures of . . . an economic philosophy that sees any regulation at all as unwise and unnecessary.”

Why single out Obama? Bush is giving us the biggest intervention in the markets in American history. Sure McCain would “stay the course”. Neither party or candidate wants free markets. We must pick our next president on some other criteria.

The other minor issue concerns the skating rink metaphor. There is some “regulation” at the rink. There is the rule that everyone go clockwise around the rink. But I would call this “rule of law” more so than “regulation”. In the markets, a similar rule of law would be “do not commit fraud”, or “honor contractual obligations”. Obama is wrong, we do not see all regulation as bad. We need some rules of engagement, some protocols that we all agree on, like going clockwise. But beyond that, we do NOT need a central planner. It begs the question, who would regulate the central planner? So McCain is wrong too. He would give us Paulson and Bernanke as Bush has, with no one regulating them. Hooray for anyone, like Stossel, calling for TRUE free markets!!!