Keynes stated that “the more troublous the times, the worse does a laissez-faire system work” (as cited in French, 2015). Others, such as Grant, said that “if a government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire – to leave the economy alone” (As cited in French, 2015). Both sides seem bitterly opposed to each other and equal in number, but supporters of the laissez-faire system seem to be lacking according to Klein and Stern (2007): “8 percent of AEA [American Economic Association] members can be considered supporters of free-market principles, and that less than 3 percent may be called strong supporters” (p. 2). However, even though free-market ideas may be in the minority, they prove themselves worthy when examined in history. Free-market principles must be followed and government intervention eliminated in order to enhance the freedoms, financial situations, and the productivity of America’s
Keynes stated that “the more troublous the times, the worse does a laissez-faire system work” (as cited in French, 2015). Others, such as Grant, said that “if a government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire – to leave the economy alone” (As cited in French, 2015). Both sides seem bitterly opposed to each other and equal in number, but supporters of the laissez-faire system seem to be lacking according to Klein and Stern (2007): “8 percent of AEA [American Economic Association] members can be considered supporters of free-market principles, and that less than 3 percent may be called strong supporters” (p. 2). However, even though free-market ideas may be in the minority, they prove themselves worthy when examined in history. Free-market principles must be followed and government intervention eliminated in order to enhance the freedoms, financial situations, and the productivity of America’s