How an Economy Grows and Why It Crashes

TAKEAWAY
TAKEAWAY

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the audacity of the idea, which had never previously been 
codifi ed in any other country. 
Over time, that clarity of vision has been blurred. In times 
of crisis enough people become convinced that government 
needs more power and that people can get by with fewer 
liberties. In our current economic crisis, this trend has 
unfortunately gathered a great deal of steam.  
In our desire to make the pain of economic contraction 
go away, we have forgotten that freedom involves risk. If 
government is obligated to cure all hardships, then no one 
is really free in the fi rst place. Take away the freedom to fail 
and you have obliterated the freedom to succeed. 

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