Source: WSJ
October 21, 2010
[Mr. Sorman, a contributing editor at City Journal, is the author, most recently, of "Economics Does Not Lie: A Defense of the Free Market in a Time of Crisis".]
The French have a long tradition of taking to the streets as an irrational answer to economic reforms. In 1848, when a democratically elected government tried to contain monetary inflation, the nascent Socialist Party raised barricades in Paris. Alexis de Tocqueville, then a member of the parliament, wrote in his