I personally know the Prof. Smart guy originally from Italy, bastion of social democrats and Communists (cities like Siena and Bologna have actually been run by the Communists). He testified before Congress against most of the provisions of TARP.
Luigi teaches some intersting classes at University of Chicago GSB, according to my niece and her husband, both of whom graduated from the school before its name-change to Booth GSB at the University of Chicago.
Well it sounds like he knows first hand the dangers of socialist economic ideas.
It’s a shame that some of the fiercest free marketers are foreigners who have come here to escape the statist regimes of their home country. I wish native born Americans had as much appreciation for what we have (and seem to be losing)