#COVID19 and Economic Crisis : Government “Cures” Will Be Worse Than The Disease
A brief walk down the history lane is all it takes to see this.
A brief walk down the history lane is all it takes to see this.
The 1920-1921 depression was a textbook example of how to handle an economic downturn.
It is not in spite of the absence of fiscal and monetary stimulus that the economy recovered from the 1920–1921 depression. It is because those things were avoided that recovery came.
Doug Casey’s observations, made for the United States, are perfectly applicable to India.
The free market is often ridiculed as “chaos” because its activities are not controlled or planned by any central body. But history tells us that central planning is the true harbinger of chaos.
As inflation diminishes the value of our monetary savings, we are pushed into short-termism, risky investments and the increased need to control the behavior of others.