In this video, Thomas Sowell explains the market’s ability to self-correct.

Economies grow faster when governments do less. Overreach kills efficiency; restraint breeds prosperity.

I like that guy.

If this were true, one wouldn’t need bailouts. Bailouts are one proof of avoiding the political risk of awaiting market self-correction; after regulatory failure. For the second, see Alan Greenspan’s testimony in 2009, saying entrepreneurs don’t self-correct. They are mendacious!

Where is the explanation? He doesn't explain how this happened.

Thomas Sowell made a wonderful living for himself by telling white supremacists what they wanted to hear.

Then companies started to grow to the point that they became anti consumer and the government had to step in to correct the market failure. They split up Standard Oil to break the monopoly.

'Self-correct' for one goal at the cost of all others: profit.

@AdmirCavalic Pa zato i jest liberalizam kao politička ideologija, kontra intervencija u privredu. Što manje se država miješa to zdravija privreda. Ja govorim "Čavaliću mani se socijalizma, a ti ne haješ".

Are the students for liberty passing? Sowell didn’t explain kaka here. He just proclaimed it.

Excellent.

⚡

No They didn’t correct

The economy is manipulated by the bankers!

Please listen!!!