Hayek’s Recipe for Economic Recovery

from Acton Institute PowerBlog by Joe Carter:

Hayek’s Recipe for Economic Recovery:

A major reason why the nation has historically prospered, says John B. Taylor, is because Americans worked within a policy framework that was predictable and based on the rule of law, with strong incentives emanating from a reliance on markets and a limited role for government. When we deviate from that standard—as we have for the past few years—we struggle. But we can find our way back if we’d follow Hayek’s recipe for recovery:
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