Hoover, Bush, and great depressions

posted by
January 11, 2011
Ludwig von Mises Institute
by Mark Thornton  
Posted in Commentary

"The most basic rule of economic policy is to allow prices to adjust to market conditions. This maintains Say's Law and produces what Frederic Bastiat called economic harmony. Furthermore, unhampered markets minimize distortions and disruptions introduced by external forces. Most importantly, the unhampered price system minimizes the impact of the business cycle on the economy." (01/11/11)

http://mises.org/daily/4896  

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