Mises Daily
Author:
John P. Cochran
Online Publish Date:
raised by the Wall Street Journal , in “A Tale of Two Recoveries”: Did Keynesian policies do more harm than good? The Journal , sounding much like Robert Higgs, 1981–November 1982 and subsequent recovery. Their conclusion is that the different policy circumstances significantly explain the drastically different recovery paths: is conducive to entrepreneurship and prudent risk taking. Policies that impede competition and impose excessive tax burdens — or that in any way simply add to