Thursday, November 3, 2011

What is The Proper Mix Between Markets And Government?

This article is about the mixed economy. All of the world's economy's are a mixture of markets and governments that make economic decisions and produce goods and services. Some believe that the mixture should consist primarily of markets with a small dose of government. That would be like making lemonade with lots of lemons and only a little bit of water. Conservatives like Milton Friedman, like their lemonade strong but they would have a hard time explaining the dominance of China in several markets. Sometimes more water helps to make good lemonade.

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