Summary
The financial disruptions that have occurred during the past 60 years consistently trace their origins to government intervention in the free market. In contrast to the Eisenhower policy of moderate growth and controlled inflation, eggheads pushed for an opposite approach. Enter Jimmy Carter with easy credit. The result was massive inflation, which was eventually cured with 21 percent interest rates, business failures and the drying up of credit.
The "over-exuberant" market underlying the Enron bubble? Again, it was caused by too much money in the system.See the full content of this document
Extract
Leave Free Market Alone
Our present problems? Sub...
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