Why the “Economy Is an Engine” Metaphor is So Wrong | Mises Wire

Is the economy “overheating,” or is it “humming” along smoothly? Should the Federal Reserve “prime the pump” to spur investment, or “pump the brakes?” Such questions of course use an engine metaphor to describe the economy. But why?
— Read on mises.org/wire/why-economy-engine-metaphor-so-wrong

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.