01 / preference
My favorite policy or my ideal about prices falling as unit costs of production of goods falls is a long-run ideal in that I don’t think you can just jump into that policy because people now have expectations about trends and prices and costs.
“My favorite policy or my ideal about prices falling as unit costs of production of goods falls is a long-run ideal in that I don’t think you can just jump into that policy because people now have expectations about trends and prices and costs.”
- Speaker
- George Selgin
- Episode
- George Selgin on the New Deal, Regime Uncertainty, and What Really Ended the Great Depression
- Publisher
- Conversations with Tyler