Free Enterprise in Three Minutes Podcast with Ray Keating

Episode #9: Distributing Resources – Government or the Market?

April 18, 2018 Season 1 Episode 9
Free Enterprise in Three Minutes Podcast with Ray Keating
Episode #9: Distributing Resources – Government or the Market?
Chapters
Free Enterprise in Three Minutes Podcast with Ray Keating
Episode #9: Distributing Resources – Government or the Market?
Apr 18, 2018 Season 1 Episode 9
Ray Keating
Ray Keating explains that there basically are two options when it comes to how economies ration or allocate resources – a government-led economy or a market economy.
Show Notes
Ray Keating notes that there basically are two options when it comes to how economies ration or allocate resources – a government-led economy or a market economy. He quickly explains which one makes sense from an economist perspective. Keating concludes, “Remember, the more we have sound economics in politics, the better off we are. However, the more politics in economics, the worse off we are.”