Free Market
Author:
Llewellyn H. Rockwell Jr.
Online Publish Date:
business cycle in the first place. As the chaos of the 1970s showed—thanks to the policies of Richard “We-are-all-Keynesians-now” Nixon—Keynesian “countercyclical” cartel by reducing job opportunities for marginal workers and therefore cutting competition for their overpaid members. Federal regulation of business imposes very of Harvard’s Kennedy School of Government, for example, advocates an “industrial policy“ of “active”government” in “partnership” with large corporations ( Minding