QotD: The invisible (back)hand

The hidden hand did well this month punishing stupidity. But libertarians committed to free markets, not corporate oligarchs, must pause to consider the need for field-leveling regulation. More precisely, we should ask whether there was sufficient enforcement of reasonable restraints already in place. We need Republicans to stand against excessive tinkering in markets, of course. But my modest retirement fund may be safer with Democratic regulators in charge than rogue elephants.

Terry Michael, "The Libertarian Case for Obama: Seven potential upsides to a hope-monger presidency", Hit and Run, 2008-09-19