Sunday, October 19, 2008

One More Thought About Economics

Don Boudreaux:

The chief question [regarding the current economic situation] is to what extent are today's problems caused by market forces, and to what extent by government interference with these forces.

In other words, the system we have now (and what we've had for the entire history of the United States) is anything but a free market. That system is a combination of market forces and government interference with those forces; as such, when the system fails, to truly solve the problem, we must look at all components of the system, not just one or the other.

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