I saw a recent post by my son negating "Trickle Down" economics. This issue demands discussion. John Maynard Keynes advanced the theory that a nations economy could be controlled by increasing the availability of money - in other words use the governments printing presses to allow the government to spend it's way out of a crises.
This is the guts of a controlled economy. A controlled economy removes the profit incentive and risk is not allowed to seek reward. This has never worked in anything but the short run. The usual response is a reference to the "Great Depression" Most economists view the controlled economy as prolonging the depression and WWII forcing an end to it. Any controlled economy that has survived has survived by moving towards a free market.
Next: Adam Smith!
Attacks my friends?
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