When Has Stabilization Worked?

10/03/2008 Mises Wire Jeffrey A. Tucker

I’m asking because I really want to know. Is there any case in history that is often cited as an example of when stabilization policies actually worked to achieve their aims? I can’t think of anything off hand, except for obvious myth making such as FDR saved us from the Depression, etc. Are there any serious cases in history that offer a believable challenge to the claim that stabilization never works?

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