Source: American Institute for Economic Research
by Gary M Galles
“Over more than four decades of reading, writing and teaching about economic policy, one of the lessons I have learned is that market forces are more powerful than we think. When people are faced with some problem in coordinating their economic efforts, they commonly say things like, ‘well, there’s not much we can do to change things’ or ‘we might not like it, but we have no other choice.’ That is, they tend to discount the possibility that markets, if allowed to work, could address those issues. Then, such false premises provide support for coercive government ‘solutions’ as the default response.” (04/23/24)
https://www.aier.org/article/why-even-insiders-underestimate-markets-power/