Pittsburgh Should Be the Last G-20 Summit: Leaders Should Promote Free Economies Instead
In the past 10 months, the leaders of the G-8 and G-20 nations have met three times at elaborate and expensive summits to address the world's financial woes. But far from providing remediesfor ailing economies, the summits' standard prescriptions forever-more government intervention and regulations are likely onlyto impede economic recovery. This paper explains why free marketsand limited government are the best responses to economicrecession--and argues that the best thing for economies around theworld would be for the fourth "G-Process" summit in Pittsburgh tobe the last.