If government wishes to see a depression ended as quickly as possible, and the economy returned to normal prosperity, what course should it adopt? The first and clearest injunction is: don’t interfere with the market’s adjustment process. The more the government intervenes to delay the market’s adjustment, the longer and more grueling the depression will be, and the more difficult will be the road to complete recovery.
~ Murray Rothbard, America's Great Depression (1963), p. 19
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment