Personal tools

Argument: Allowing recession will enable stronger economic recovery

From Debatepedia

Revision as of 19:20, 10 February 2009; Brooks Lindsay (Talk | contribs)
(diff) ←Older revision | Current revision | Newer revision→ (diff)
Jump to: navigation, search

Parent debate

Supporting quotations

James Glassman. "Stimulus: A History of Folly". Commentary Magazine. March 2009 - left alone, what Hayek called “spontaneous order” will find its way forward. Using a different metaphor, James Grant, in his history of credit, Money of the Mind, wrote, “The cycle of decay and renewal is as much a part of capitalism as it is of the forest floor.” But, in the 1930’s, “something in the normal regenerative process was missing. There was no decisive recovery from the business-cycle bottom. People had lost their speculative courage, and the more government legislated and taxed, the more that credit sulked.”

Problem with the site? 

Tweet a bug on bugtwits