Mike Forstner

The Case That Government Intervention, Not Markets, Threatens Economic Freedom

In *The Triumph of Economic Freedom*, Senator Phil Gramm and economist Donald J. Boudreaux argue that familiar accounts of industrialization, the Great Depression, trade and inequality misread the evidence in favor of expanding government. They contend that economic change often improved living standards and widened individual choice, while government interventions and failed policies posed a greater threat to economic freedom. At a Hoover Institution book talk, John Cochrane joined the authors in presenting their case for judging economic outcomes against the alternatives people actually faced.