Friday, February 8, 2013

Contemporary Mercantilism

An excellent post by Peter Boettke in Coordination Problem about the system we are really living in.

His conclusion:
“In short, we have state controlled market economies. We are living the policy reality of mercantilism, while rhetorically emphasizing economic liberalism”.

What is true for the U.S. is even more so for European economies … that so many like to qualify - against all evidence -  as "ultra liberal". 

Read more here.

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