What's the best way to develop an economy--through government intervention or the invisible hand of a free market?
The question has been bandied around for years on end. See the United States v. Soviet Union post-World War II.
Economic policy is not as simple as following government intervention or free market, rather it falls on a continuum between the two. In a recent article, Don Pittis explores the question about free market economics or central planning by exploring policies currently followed by China and the US. It's well worth the read.
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