… is from page 91 of Roger Koppl’s insight-filled 2014 monograph, From Crisis to Confidence: Macroeconomics after the Crash (footnote excluded):
It would seem, then, that policies intended to improve the economy can backfire by creating a crisis or making it worse. From a comparative institutions perspective, it may be better to tolerate the relatively mild cycles of a largely unhampered market economy than to risk the larger crises that can follow from the attempts to prevent or correct them.
