Sean Corrigan (in 2008)

If the basic tenets of free-market “capitalism” include the full recognition of property rights, the sanctity of voluntary contract, and the relegation of government to a minimalist role as arbiter – and, reluctantly, as enforcer – of last resort, it can hardly be argued that we have ever actually lived under such a regime. Indeed, the roots of today’s woes – as of those suffered innumerable times in the past – lie not in whether this or that regulation was sufficiently well-crafted or implemented, but rather go deeper into the issue of whether banking as currently instituted is – in any way, shape, or form – an activity consonant with such principles.