"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong."
– Thomas Sowell
What do these have in common?
- Great Depression
- 70s Inflation
- Great Recession
- ’22 Inflation
They’re all a result of government meddling, says @ryanmcmaken of @mises.
The work of economists Friedrich Hayek and Ludwig Von Mises explains why: