L.A. Liberty

A Libertarian in Leftywood

As far as government interference itself is concerned, one should never forget that serious economic disturbances are the consequences of basic maladjustments. The effect of correcting or not correcting such maladjustments is infinitely greater than any artificial creation of demand by government in an economy that, in most sectors, is still free. Therefore an economic policy that concentrates on artificially filling up an investment or spending gap rather than on fostering adjustments – and thus creating demand in a natural way – is doomed to fail in any severe crisis.

— L. Albert Hahn

Notes:

  1. lalibertarienne reblogged this from laliberty
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