February 26, 2009

"Go!" No. "Stop!"

The government can prevent market forces from operating by channeling resources into artificial channels.

Broad intervention — for example, flooding the market with public funds while adding new and onerous restrictions on firms — is, like pressing down on a car's accelerator and brake pedals simultaneously, and is guaranteed to make the economy stall.
"Fast Forward to the NEP." By Mark Sunwall, Mises Daily, 2/26/09.

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