You're going to hate me for admitting this but I'm still sort of a free markets kind of guy.

I've just never been able to shake the idea that people can do better when they decide what to do rather than when people tell them what to do.

All this has me thinking: what's a free markets fan to do amid the worst economic crisis since the Great Depression? Are laissez-faires on the ropes for good? Is it time for me to change my stripes?

Here's a podcast interview I did earlier today with Thomas Firey, managing editor of Regulation Magazine and a fellow at the libertarian Cato institute. I was surprised what he had to say.

What do you think?

Talking with Libertarian Thomas Firey