The new Treasury Secretary unveiled his plan this morning, and apparently the markets hate it, which pretty much guarantees that we’ll be living with our financial mess for a good while longer. As we know, this crisis could have been avoided. But greed got the better of us. So, I wonder what readers think when they see Milton Friedman’s 1979 defense of capitalism and greed. Is it a model, a line of argument, that’s now discredited? Or do we grudgingly concede his points and say that capitalism is the worst economic model except for all the others that have been tried (a cheap play here on Churchill), and then figure out how to mop it up?