Stimulation by Government
Economic depression is good for the state. Even if the state knew how to end it, why would we suppose that it has the incentive to do so?
Economic depression is good for the state. Even if the state knew how to end it, why would we suppose that it has the incentive to do so?
"Egyptian workers during this period suffered badly from the abuses of the state intervention of the economy…"
This audio version of the Mises.org Daily Article was read by Dr. Floy Lilley.
In a free market, no shortages would exist. In fact, it is very unlikely any of the earth's resources would be used up.
Interviewed by the Arlington (New York) High School Chapter of the Young Americans for Liberty, 16 February 2009.
Presented at the Mises Institute’s Brown Bag Seminar series. Recorded on 10 January 1996.
Finally, let us remember that there is a word that can never be discussed or even mentioned when we talk about the myriad flawed federal, state, and city transportation systems.That word is "privatization."
What we need are real lasting tax cuts and a corresponding movement of spending out of government and into the private sector.