Kevin Duffy on free enterprise under attack by Barron's

Your cover story, “Crisis Playbook,” reveals a deeply rooted culture at Barron’s antagonistic to free enterprise, a complex adaptive system in which failure of the parts is the key to survival of the whole.

Any healthy system needs a way to correct error and remove waste. Nature has extinction, the economy has loss, bankruptcy, liquidation. Interfering in this process lengthens feedback loops. Error and waste are allowed to accumulate, and you ultimately get a massive collapse.

Barron’s had the courage to publish those words a decade ago in a Q&A with yours truly after the interventionists had their way.  Sadly, they’ve been flushed down the memory hole and forgotten.

~ Kevin Duffy, letter-to-the-editor sent to Barron's (not published), March 18, 2020