Bubbles Always Burst: the Education of an Economist
Date Written: 28/09/2015
Year Published: 2015
Resource Type: Article
Cx Number: CX17875
Spouting ostensible free market ideology, the pro-creditor mainstream rejects what the classical economic reformers actually wrote. One is left to choose between central planning by a public bureaucracy, or even more centralized planning by Wall Streets financial bureaucracy. The middle ground of a mixed public/private economy has been all but forgotten, denounced as "socialism." Yet every successful economy in history has been a mixed economy.