Mises Wire
Author:
Mark Thornton
Online Publish Date:
the market works most effectively, with the efficiency of the process maximized by policy restraint. Like most illnesses, recessions can be “cured” with rest, phrase means “leave it to us” or more bluntly, “leave us alone.” There are many policies that enhance economic recovery and growth, but this standalone cure for the barriers to exit,” such as subsidies and bailouts, is a primary requirement for “competition,” which is seen by most economists as an engine of progress. This is