When someone preaches ‘Economics in one lesson’ I advise: Go back for the second lesson.Free markets do not stabilise themselves. Zero regulating is vastly suboptimal to rational regulating. Libertarianism is its own worst enemy!
Wednesday, December 23, 2009
Quotations: Paul Samuelson
When someone preaches ‘Economics in one lesson’ I advise: Go back for the second lesson.
This wouldn't be the same Paul Samuelson who told us in the 80's that the Soviet Union economy was doing just fine, and was, in fact, proof that socialism wasn't a problem.
ReplyDelete