Markets are the correct way to manage economies. In other ways, there is no way that human being can manage any economy. They are better left to managing themselves.
When downturns his, when recessions occur, followed be recovers, the markets are correcting.
Markets do not need correction, in that they do not need governments, experts, or politicians to instigate change to get consumers to buy and producers to make. Markets correct themselves.
The transitions are painful. No one wants to struggle through a recession, no one likes the hardship of searching for work when none is to be found. Yet the prolonged interventions by states to force corrections, to soften the sharp but necessary contractions, only lengthen the recovery.
Markets correct, markets correct themselves, and the correct move for states and citizens is to leave them alone.
No comments:
Post a Comment