The financial crisis was caused by stupid government policies. During the Clinton Administration, mortgage issues were forced to loan to high risk borrowers. Since they couldn’t carry these loans on their books, because the risk was too high, they were forced to bundle them into collateralized debt obligations. But even that failed to reduce the risk enough.

The net results was a chain reaction when those borrowers could not pay.

There was nothing “free market” about it.

The pandemic’s first vaccines in the US are a result of free market research into mRNA vaccines by private companies.

The climate “crisis” is simply not a crisis, and the government actions so far to curb it have been utter failures. The US was the only country to meet the Paris Accords limits, and it did it after pulling out of the accords. It met those limits not through silly nostrums such as wind and solar, but by *free market* invented and deployed fracked and directional drilled natural gas wells.

As an engineer, I know the folly of most climate “solutions.” Things that feel good and seem good to non-engineers fail when subject to reality — something engineers do as part of their daily job.

None of this is to say that government cannot do useful things. But it does it at a huge cost and at high risk of failure. Look at what is happening with space. A free market entreprenteur — Elon Musk — has done more for space travel and the space industry in a few years than had been done since the 1960’s. Meanwhile, the government lumbers along with far more expensive solutions, and far longer times to get to its goals.