Are crises good for the economy?

posted by
March 20, 2011
Liberty Unbound
by Jayant Bhandari  
Posted in Commentary

"The broken window fallacy notwithstanding, there seems to be something that enables crises to revitalise an economy. While crises destroy wealth, sustained crises also weaken government, a hostile, anti-development institution. It is the latter event that eventually can have a huge favorable affect on society. This is what India has experienced." (03/19/11)  

Our Sponsors