When economic crisis strikes, free market is often deemed guilty. Freedom falls during economic crisis, especially sound money and banking, owing to government's reaction. And more regulatory laws are easily passed. Historical records (e.g., free banking) as well as econometric studies (Baier et al.,
Hi Meng Hu! Thank you for your articles in the field of genetics and Austrian economics.
What do you think about the protectionists' arguments about a "infant industry" that needs state protection? Are there any empirical refutations of this concept?
Hi Meng Hu! Thank you for your articles in the field of genetics and Austrian economics.
What do you think about the protectionists' arguments about a "infant industry" that needs state protection? Are there any empirical refutations of this concept?