Hello Adam, do you mind if I come in to talk about government intervention?
Hey John, yes please come in. Follow me.
I believe government intervention is a good thing.
So what's your stance on government intervention?
May I know what your stance is?
Yes, of course. I believe the government shouldn't intervene.
Interesting. The way I see it is that if the government intervenes and taxes are lowered then demand will be stimulated. This will help the economy prevent any slumps.
I would agree that the government has a role but I'd argue that it's more with education and defense. I believe that the government should be limited and hands off. This would allow for an open market and more freedom.
Thank your for taking the time to talk to me.
Any time my friend.
After listening to that interesting conversation I would say that Adam was right. I believe it would be better if the government has "hands off" of the economy because of the freedom it allows for.
Adam's theory is supported by both economists Thomas Malthus and David Ricardo. While John's is supported by both economists Paul Samuelson and Paul Krugman.