China's stock market index was down 4% on Friday.  The Shanghai composite now is close to 3000 milestone.  The index has fallen almost 50% since its peak 6 months ago. The decline has wiped out nearly $2.5 trillion of wealth.

 

In a time of crisis, people have urge to turn to government for help, and for more regulations.  The battle of ideas is way from over.  NY Times reports, "A Fresh Look at the Apostle of Free Markets".

 

 

(courtesy of NYT)