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The author gets it half right. The intellectual isolation of government economists IS setting the stage for disaster. Their reliance on monetary policy and endless currency debasement is leading the world off an economic cliff. The half the author gets wrong is that government should intervene in the #economy at all. Governments have no facility to "manage" an economy, and government efforts to buffer economic highs and lows have been an unmitigated disaster, with each intervention serving to spawn the next crisis. Government is not the solution. Government is the problem. https://www.project-syndicate.org/commentary/economists-intellectual-isolation-social-disaster-by-jayati-ghosh-2019-10 #news #policy #politics
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More from A Voice Of Liberty

The author gets it half right. The intellectual isolation of government economists IS setting the stage for disaster. Their reliance on monetary policy and endless currency debasement is leading the world off an economic cliff. The half the author gets wrong is that government should intervene in the #economy at all. Governments have no facility to "manage" an economy, and government efforts to buffer economic highs and lows have been an unmitigated disaster, with each intervention serving to spawn the next crisis. Government is not the solution. Government is the problem. https://www.project-syndicate.org/commentary/economists-intellectual-isolation-social-disaster-by-jayati-ghosh-2019-10 #news #policy #politics
36 views ·