Liberal theory teaches that one truism of government is that whatever it does, the results end up making the problem not better but worse. I'm thinking of the war on drugs, the war on poverty, the war on illiteracy, and the war on terror. So it is with the war on recession.
One of the great lessons of liberal theory concerns the extraordinary capacity of free exchange to create wealth. Trading makes both parties better off. Saving makes resources available for investment. Investment creates jobs that yield more products for people to purchase.
I would like to recommend:
The Myth of Good Government:
There is nothing the state can do, which society needs done, that cannot be done far better by the market.
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