Monday, October 6, 2008

How much information can have government to plan and plead?

Mr. Easterly is professor of economics at New York University writes in WSJ “We will never know. But we do know that the free market has a long-run track record of creating prosperity -- even with the occasional crash. The Depression's deceptive intellectual legacy is that development flows from all-knowing states rather than creative individuals. Here's hoping that the backlash to today's crash will not spawn another round of bad economics for the poor”.

I have no idea how many of you are listening.

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