“The Dynamics of Disintervention”
“Examples of the move from piecemeal to comprehensive intervention are found in the 1930s after the collapse of social democratic policies in Weimar Germany and in the United States after the failed interventions of the Hoover administration. Both events heralded even more radical (and tragic) interventions.
What we witnessed in 2008 in the housing and financial markets exemplifies in many ways the interventionist process, although it’s really just the latest stage (though not the last) of a long string of interventions begun decades ago.” Read more.
“The Dynamics of Disintervention”
Sanford Ikeda
The Freeman, June 2009, Vol. 59, Issue 5.
Via the Foundation for Economic Education
