Just so we're all clear here there are rules and laws to be followed even in a "free market".

Even in a true laissez faire definition participants in the market must adhere to the rule of law. A true free market allows market forces to determine the distribution of goods and services and to determine prices without government intervention or government monopolies.

I watched the Frontline program a few months ago. What Greenspan advocated was more akin to economic anarchy. Something even your most die-hard Libertarian wouldn't advocate.

The problem with our "crony capitalism" or "soft facism" structure today is that there is no justice. We have the worst of all worlds. Government interference in places where the market should dictate things (i.e. - prices, interest rates) and almost zero government protection from fraud. Government has completely failed to do it's job in enforcing the rule of law. That it was the gov'ts job in the market is. Not to "stimulate" or control or set prices and interest rates. There seems to be a lot of confusion out there as to what the governments role should be.