Sachin on Nostr: 1. Governments decide to interfere to solve an economic problem 2. They cause even ...
1. Governments decide to interfere to solve an economic problem
2. They cause even more distortions
3. People look at this and call for even more government
4. Distortions galore
5. People who call for less government are now called unrealistic utopians
6. Interventions and distortions continue till the government and its cronies control everything
7. The economy starts to stagnate and fail
8. The people, their mentality, their businesses and their culture are blamed using some selective statistics.
9. The government had the wrong people in charge so it can be excused and reformed.
10. People start calling for 'saving the economy' with even more government intervention.
Over and over again.
In industry after industry.
Country after country.
Everywhere in the world.
2. They cause even more distortions
3. People look at this and call for even more government
4. Distortions galore
5. People who call for less government are now called unrealistic utopians
6. Interventions and distortions continue till the government and its cronies control everything
7. The economy starts to stagnate and fail
8. The people, their mentality, their businesses and their culture are blamed using some selective statistics.
9. The government had the wrong people in charge so it can be excused and reformed.
10. People start calling for 'saving the economy' with even more government intervention.
Over and over again.
In industry after industry.
Country after country.
Everywhere in the world.