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Philosophy Free market is not good for world economy., So what's good?

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quintessential
post May 19 2010, 11:55 AM

ilha formosa
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From: tanah melayu
contrary to the believe, usa doesn't practice a full-fledged capitalism as long as there's a government intervention.

still confused, just read the difference between the keynesian and austrian economics.
keynesian system believes that government intervention is inevitable (i.e: stimulus package, bailout). austrian system on the other hand, believes that the economy should be driven by the market itself and free from government intervention.

http://www.dailyreckoning.com.au/austrian-...iat/2008/02/15/
quintessential
post May 19 2010, 12:48 PM

ilha formosa
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Joined: Feb 2006
From: tanah melayu
Keynesian Economics Is Wrong: Bigger Gov't Is Not Stimulus



 

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