I don't really have time for this but you seem to not understand.
This is not about micro or macro levels.
Please read the article in it's entirety. There is no mention about micro or macro but a comparison between Mises's and Keynes's economic schools of thought, their blatant differences and corresponding long term consequences.
History is a great master, too bad societies today still have huge cognitive limitations.
This is not about micro or macro levels.
Please read the article in it's entirety. There is no mention about micro or macro but a comparison between Mises's and Keynes's economic schools of thought, their blatant differences and corresponding long term consequences.
History is a great master, too bad societies today still have huge cognitive limitations.
Quote from jjf:
Silly of me to ramp this thread up on ET.
In answer to the OP's question (don't worry, I will try to keep this simple.)
At a micro level which is the level of gov. intrusion and personal interference, the answer is anyone's guess.
Maybe there would be a difference, maybe there would not.
At a macro level. the gov. of the day is not calling the shots and so there would be not discernible change imho.
