The Corner

Markets V. Planners

From a reader re today’s column:

Excellent points.    However, the one thing better about the 19th century was that the gains you describe in standards of living happened at a far faster pace.  In this sense, all that the social planners did in the 20th century was muck up the gains that our economy was naturally generating.  Where might our $13 trillion economy be today had we not gone down the social planner’s path?

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