From The Manhattan Institute:
by Nicole Gelinas
Manhattan Institute
February 28, 2012
City Journal
In the years leading up to 2007, the rules necessary to govern a flourishing market economy broke down, producing a financial and economic crisis. Rather than responding to the crisis by fixing those rules, the West aggressively repudiated market economics, and the repudiation continues to this day. Through their actions, government officials around the world have revealed a disturbing assumption: that they can decide how to allocate resources better than markets can.

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