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Bubbles Always Burst: the Education of an Economist
Hudson, Michael http://www.counterpunch.org/2015/09/28/bubbles-always-burst-the-education-of-an-economist/
Publisher: CounterPunch
Date Written: 28/09/2015
Year Published: 2015
Resource Type: Article
Spouting ostensible free market ideology, the pro-creditor mainstream rejects what the classical economic reformers actually wrote. One is left to choose between central planning by a public bureaucracy, or even more centralized planning by Wall Street’s financial bureaucracy. The middle ground of a mixed public/private economy has been all but forgotten, denounced as "socialism." Yet every successful economy in history has been a mixed economy.
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