Source: Cobden Centre
by Dr. Frank Shostak
“Some commentators are of the view that one cannot trust the market economy, which is seen as inherently unstable. If left free, the market economy could lead to self-destruction. Hence there is the need for the government and the central bank to manage the economy. It is held in this framework of thinking, that successful management could be achieved by influencing overall expenditure. In this way of thinking it is expenditure that generates income. An expenditure by one individual becomes the income of another individual. … Contrary to popular thinking, the key for economic growth is not an increase in demand but an increase in savings.” (03/19/26)
https://www.cobdencentre.org/2026/03/can-the-market-economy-be-trusted/