Dear Editor:
Regarding "Obama wins presidency" [1] (November 5): To all persons who understand that freer markets bring greater prosperity, I offer a reason to applaud Obama's defeat of McCain.
A President McCain would have followed Bush's script: singing paeans to free markets while simultaneously meddling and spending in harmful ways. Nevertheless - with popular attention on the song rather than on the substance - the problems caused by these intrusions would have been blamed on "free market fundamentalism" or even laissez-faire capitalism. At least President Obama's destructive policies will not unjustly give capitalism a bad name.
Sincerely,
Donald J. Boudreaux
Don Boudreaux is the Chairman of the Department of Economics at George Mason University and a Business & Media Institute adviser.