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Capitalism in America: An Economic History of the United States

Book by Alan Greenspan · 1 quotes · United States Of America, American History, Antifragility

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Capitalism in America: An Economic History of the United States Quotes

“America has been much better than almost every other country at resisting the temptation to interfere with the logic of creative destruction. In most of the world, politicians have made a successful business out of promising the benefits of creative destruction without the costs. Communists have blamed the costs on capitalist greed. Populists have blamed them on sinister vested interests. European-style socialists have taken a more mature approach, admitting that creation and destruction are bound together, but claiming to be able to boost the creative side of creative destruction while eliminating the destructive side through a combination of demand management and wise intervention. The result has usually been disappointing: stagnation, inflation, or some other crisis.”

United States Of AmericaEconomic PolicyCreative DestructionEconomic Liberalism
Book:Capitalism in America: An Economic History of the United States
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