The Return of the Third Way
recommended — katy delay
…The core problem is the one Mises identified. Every form of intervention generates an imbalance that seems to call forth a next step toward markets or toward further intervention. The choice determines whether the social system will be pushed toward the economics of prosperity or that of poverty. The Third Way, in short, attempts to combine policies that are internally contradictory. To attempt a pivot between laissez-faire and socialism is to be caught in precisely the imbalance that afflicts the US and Europe today. …
my opinion on “third way” preening.