26/05/2012

ESTADO DE SÍTIO: A propósito da agenda de crescimento económico

«The boom was the time the mistakes were made and the bust is the market’s way of correcting them. Interfering with that subtle and complex correction process is beyond the ability of government. Only the decentralized decision-making and learning processes of the market can accomplish the millions of corrections that have to take place in myriad individual microeconomic markets

The Microeconomic Foundations of Macroeconomic Disorder: An Austrian Perspective on the Great Recession of 2008, Steven Horwitz

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