The next president will decide whether the shift away from laissez faire is permanent.
Washington and New York
With its sudden and sweeping plan to pump $250 billion directly into America's banking system, a Republican administration in essence may have opted for a New New Deal, intervening in private markets to an extent not seen since the days of the Great Depression.
The world financial system remains so fragile that a free-market-oriented White House felt it had no choice but to resort to this partial nationalization. Now the actions of the next administration will determine whether the move is temporary or a turning point in the US government's attitude toward laissez-faire economics.
Page 1 of 4