Question for the day
Is it possible to have a functioning market economy without facing serious financial crises every now and then?
Historically speaking, they seem to be inescapable. (Any given crisis may, perhaps, be avoidable, but so long as there is liberty, there will be such crises). The implication: it is not true to say that the goal of modern liberty is not simply to overcome chance and subdue fortune.
8:42 PM / September 17, 2008
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