Mises Wire
Author:
Antony Sammeroff
Online Publish Date:
A seductive (if poorly considered) critique of markets is the notion that they are so wildly unpredictable and inherently unstable that we need government to watch over them and intervene to mitigate their excesses. There is a great irony in this position which I will reveal. Economist John Maynard Keynes (1883–1946) made perhaps the most famous