Free Market
Author:
Mark Skousen
Online Publish Date:
1973, Professor Hayek has been the acknowledged dean of the “Austrian” school of economics, which teaches individualism, laissez-faire economics, and the gold this business cycle. The first thing to understand is that the principal source of economic disruption and the business cycle is irresponsible government policy. The to standard Keynesian doctrine, high personal savings rates are good for economic growth. Economic growth without recessions or depressions. But as long as government