My position rests on one simple proposition: whenever we listen to people urging deregulation and allow markets to "self-correct" without government intervention, more people get hurt than otherwise. So long as that continues to be true and without a single example of a free market policies that don't create distopian results I will continue to oppose the "alternative" schools of economic policy.
I wouldn't call the Chicago school alternative. Nor would I consider Hayek to be an alternative our counterculture economist.
http://m.youtube.com/watch?v=rQLBitV69Cc
My position rests on one simple proposition: whenever we listen to people urging deregulation and allow markets to "self-correct" without government intervention, more people get hurt than otherwise. So long as that continues to be true and without a single example of a free market policies that don't create distopian results I will continue to oppose the "alternative" schools of economic policy.
I wouldn't call the Chicago school alternative. Nor would I consider Hayek to be an alternative our counterculture economist. http://m.youtube.com/watch?v=rQLBitV69Cc
I've very much enjoyed discussing this with you.
Probably not any longer, no.
He's certainly not relevant to modern economics if he ever was.