Why Government Intervention Won't Last

Quoting Michael Schuman:

Every time there has been a perceived crisis of capitalism in recent decades, the government’s economic role has swelled. But inevitably, this process gets thrown into reverse and the free market stages a rousing comeback. That’s because governments can screw up economies just as effectively -- in fact, more effectively -- than free markets.

He goes on to explain how that’s exactly what happened in the UK, India, and Japan over the past few decades.

Posted by Anthony on reply

Reply to this message here:

Your name
Website (optional)

HomeCreate PostArchivesLoginCMS by Encodable ]