Becker, Murphy: Don't Let the Cure Destroy Capitalism

by Benjamin Domenech on 10:08 am March 20, 2009

Capitalism has been wounded by the global recession, which unfortunately will get worse before it gets better. As governments continue to determine how many restrictions to place on markets, especially financial markets, the destruction of wealth from the recession should be placed in the context of the enormous creation of wealth and improved well-being during the past three decades. Financial and other reforms must not risk destroying the source of these gains in prosperity.

Previous post:

Next post: