Back to 1979 when leftist weenie Phil Donahue asked Milton Friedman if he had any doubts about “Capitalism”.

Donahue is left speechless.

It’s the argument that conservatives should be putting forth to the American people now, because it’s the truth.

We know now that it wasn’t capitalism that caused the sub prime mess. It was liberals trying to legislate business, making banks loan to those “have-nots” so they could be like the haves, even though they had not the resources.

What is going to save America now, isn’t more government intervention and socialist mechanisms, but people who with the motivation of survival will create new avenues and approaches to capitalism.

h/t Glenn Reynolds.

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