The true lesson from Japan is that central planners prefer to gradually nationalize the economy before even considering a moderate reduction in government size and control.
Far from being the saviors of society, the new breed of anti-market conservatives are merely the newest iteration of the long line of anti-social apologists for state domination.
Anti-market activists in Argentina try to blame the country's economic woes on markets, but the populist movement of Peronism is what has doomed the country to endless cycles of economic and monetary crises.
Wasserman has brought to light substantial archival material on the background of the Austrian school. But his conclusions are deeply flawed, a s Wasserman is beyond his depth when he writes about theoretical issues.
