When you read financial articles from American newspapers you often surprise how bad is the intervention of the government in the Economy. When you read financial articles from Europe you are amazed how people complain that the state does not do enough for them.
In fact these opinions come from different cultures and are a consequence of the historic development of the Economy. Nevertheless, today these views became a new kind of beliefs. People don’t think that the governmental intervention is bad, they believe so. They can’t explain why but they hate when the government take part in the Economic System. On the contrary, in Europe people expect the states to do their best to make the Economy growing.
Everyone seems to forget that Economics is not about beliefs! The main goal of Economic policies is to make the Economy working. Economics is not a religion. If I am liberal and a solution offered by the free market is efficient I should obviously accept it and vice versa.
In order to fight the new obscurantist Economists who base their thoughts on given ideology I will try to describe good and bad aspects of different common beliefs.
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