There are plenty of reasons why capital markets boom and bust. Part of it is the natural business cycle. Part of it is greed/shortsightedness. However, a good portion of this particular issue stems from government propagation and rewarding of poor business practice. I am sorry, but I really think that you need to familiarize yourself with actual libertarian theory and writings, not some sort of oversimplification people bandy about online.The assertion that markets are an ineffective way to deal with public goods, like national defense, is true, but not the issue. In my previous comments I'm of course referring to capital markets. Where lately, the volatility and uncertainty would support a conclusion that they are less than efficient. Libertarianism asserts we should base as much of our society as possible on free markets because they are the most efficient at distributing our scarce resources. If that's true, why have our capital markets bubbled, collapsed, bubbled, and collapsed again? For the past decade investor's pie-in-the-sky asset valuations have failed to allocate resources effectively. I support a balanced approach to society. Markets need regulation as much as government needs accountability. There are of course issues of government spending that I don't agree with, but that alone isn't an excuse to become a libertarian. I have to say I admire your idealism, and the enthusiasm with which you promote it.