For centuries, the idea of “managing the economy” has fascinated politicians, likening it to a machine. However, this view is misleading. The economy is a complex, dynamic emergent phenomenon shaped by individual decisions, making it unpredictable. Adjusting fiscal policies and interest rates often results in unintended consequences. Instead of trying to control the economy, fostering decentralized decision-making and allowing markets to adapt naturally is more effective. Embracing this complexity can lead to sustainable growth and resilience.
