Home > Uncategorized > Marginal Revolution: Common mistakes of right-wing and market-oriented economists?

Marginal Revolution: Common mistakes of right-wing and market-oriented economists?

1. There is excess fear of inflation and hyperinflation in the current economic environment.  Further there is often an excess estimate of the costs of inflation in the two to five percent range…

3. Lower taxes don’t spur economic development as much as it is often claimed, at least not below the “fifty percent or less of gdp” range…

7. When it comes to the historical determinants of the Industrial Revolution, the Great Divergence, and the like, the importance of state-building in that process is often neglected…

9. The role of market failure in the recent financial crisis is underestimated.  It is also believed that we can somehow commit to a policy of no future bailouts.  Promoting that myth will make future bailouts more likely…

via Marginal Revolution: Common mistakes of right-wing and market-oriented economists?.

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