Recession? Relax & Do Nothing

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Libertarian Economics 101, or to put it another way: why we shouldn’t have bailed ANYONE out.

There is no reason to fear recessions or to intervene in them. They represent a healing process. Only by liquidating the malinvestments of the boom and rearranging the economy’s structure of production as quickly as possible to the actual wishes of consumers can a sound recovery be achieved.

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