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How Government Intervention Triggers Depressions
Media Asset
Author: Rob Price
Online Publish Date:
Category: Business Cycles, Money Supply, Production Theory
Thanks to past interventions, the economy is now rife with malinvestments and prices that don’t reflect real demand. The solution is to allow deflation and other types of painful readjustment. Otherwise true growth will elude us. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros . Original Article:
How Government Intervention Triggers Depressions
Mises Wire
Author: Rob Price
Online Publish Date:
Category: Business Cycles, Production Theory
Listen to the Audio Mises Wire version of this article. Although painful, the solution to the 2020 economic recession is simple—uncover our problems, let prices adjust, and reallocate capital toward productive usages. The quicker we adjust, the shorter the recession and the sooner we create a sustainable economic foundation for future prosperity.