Apr 30, 2008

Murray Rothbard on government intervention to stave off depression

If government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire – to leave the economy alone. Only if there is no interference, direct or threatened, with prices, wage rates, and business liquidation will the necessary adjustment proceed with smooth dispatch.

~ Murray Rothbard, America's Great Depression (1963)

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