Politicians sacrifice long-term growth when they pursue short-term policies based on “emergency room” economics. A George Mason University economist made that argument Monday during a presentation to the John Locke Foundation’s Shaftesbury Society.
Peter Boettke, university professor of economics and philosophy at GMU, previewed a chapter of a forthcoming book focusing on emergency public policies that stray from basic economics during times of emergency, such as the 2008 national financial crisis.
In the video clip below, Boettke spells out his basic complaint about what he labels “emergency room” economics.
Click here to watch the full 53:05 presentation.