Free-Market Fundamentalism? Where?

Here’s a letter of mine responding to Andy Stern’s recent op-ed that ran in today’s Wall Street Journal:

If America is indeed a free-market fundamentalist nation, it sure has a funny way of showing it. Federal, state and local governments combine to spend roughly 40% of GDP, and that doesn’t count the cost of compliance with federal regulations.

In his eagerness to attack free markets, Mr. Stern has confused the mixed economy’s crony capitalism with the real thing.

Ryan Young
Competitive Enterprise Institute
Washington