Mises Daily
Author:
D.W. MacKenzie
Online Publish Date:
by Robert Higgs. According to Dr. Higgs, crises contribute to governmental growth because people systematically underestimate the costs of governmental that is worth mentioning: [T]he depression will stimulate fresh thinking by the economics profession. The profession’s embarrassing failure to foresee the by the Obama Administration will generate valuable data about the effects of economic regulation. Economists will learn from the bad policies adopted in response