Monday, 6 August 2012

No More Quick Solutions for the U.S. Economy

Guy Sorman, City Journal
Economists, politicians, and pundits looking for answers to the economic crisis fall into two broad categories. Keynesians and statists argue for more aggressive interventions from governments and central banks. Distrusting the free market’s self-regulating processes, they promote public spending to create jobs and low interest rates to rekindle private investment and consumer spending. Thinkers of the classical-liberal persuasion, by contrast, argue that no quick fix can bring the economy out of its doldrums; only when the rules of capitalism appear stable and predictable again...

Source: http://www.realclearpolitics.com/2012/08/06/no_more_quick_solutions_for_the_us_economy_286677.html

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