(George Caleb Bingham, Stump Speaking, 1853–54) All rights reserved. ... will soon Free-market economics, of which the Austrian School is
the preeminent exponent, asserts that every govern-
ment intervention in the market generates conse-
quences that are deleterious for prosperity and human liberty.
However much such interventions may assist one group in
the short run, everyone is made worse off in the long run.
Government intervention destabilizes economic life in artifi-
cial ways, and ultimately does not work to bring about the
results that its proponents claim to desire....