Lesson 2: Efficient markets are driven by profits, freedom of choice and effective institutions. - Deepstash

Lesson 2: Efficient markets are driven by profits, freedom of choice and effective institutions.

History proves once again to be the teller of our present and future. And the best metric to analyze our actions and their consequences today. Actions of the past show how rulers who enforce their visions upon citizens and interfere with the economy and deemed to fall.

The 5-year economic plans in the Soviet Union, the forced labor in Egypt, or the enforced traditions and customs in China or India over the economic systems show that states are better left outside the economic machine. People should have freedom of choice in their economic endeavors.

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tomjoad

Introverted Extravert

The Worldly Philosophers - Book Review (Economics)

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