Feb 2, 2009

Ahora que llega el segundo “New Deal”, vale la pena revisar el fracaso estrepitoso del primero.

Pero no pasa nada, lo importante es actuar ideológicamente:

The main lesson we have learned from the New Deal is that wholesale government intervention can -- and does -- deliver the most unintended of consequences. This was true in the 1930s, when artificially high wages and prices kept us depressed for more than a decade, it was true in the 1970s when price controls were used to combat inflation but just produced shortages. It is true today, when poorly designed regulation produced a banking system that took on too much risk.

(Gracias, Dolores)

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.