A country that won't experience a small recession will end up having a big one.Free markets are messy things and it won't be perfect all the time. Nothing will be perfect all the time. We must remember that slowdowns and corrective recessions are the price we pay for the benifits of a dynamic and enriching society. And we're getting a damn good deal.
Tuesday, May 20, 2008
Posted by David at 11:03 AM
This week on EconTalk Allan Meltzer poetically reminded us that
Labels: Emergent Order