анонимный вопрос
This question was clearly inspired by my post “to whom and how to sell libertarianism?“, and is an invitation to develop the topic.
But the example you chose was not very successful. In 1998-1999, there was no conscious deregulation; the state simply defaulted on its credit obligations, which led to it stopping borrowing for quite some time. Investors, no longer having such a tempting option as investing in government securities, began to invest more actively in the real sector. Moreover, the financial crisis sharply lowered the cost of assets, and the fall of the ruble lowered the cost of labor. In general, in full accordance with the Austrian theory of the economic cycle, recovery after a crash happens quickly if one does not interfere with the process, which is what happened—not because the government was so wise, but because it was bewildered and did not know where to start.
So the example you proposed is more about the fact that state non-interference in the economy during a crisis has a very beneficial effect on the economy. Even to illustrate that state non-interference in the economy has a beneficial effect on it in general at any moment, additional examples are needed, and better yet—logical arguments. Although, of course, people love history precisely because it is a set of instructive tales for any life situation, so do not hesitate to provide historical examples if you see that they are in demand with the audience. You won’t prove anything with them, but you certainly can sell an ideology.
