After governments create crises, they use those crises to seize new powers. After the crisis subsides, governments give up some, but not all, of their new authority, which we call the ratchet effect.

Original Article: <a href="https://mises.org/wire/beyond-crisis-ratchet-effect-and-erosion-liberty" target="_blank">"Beyond Crisis: The Ratchet Effect and the Erosion of Liberty"</a>

After governments create crises, they use those crises to seize new powers. After the crisis subsides, governments give up some, but not all, of their new authority, which we call the ratchet effect. Original Article: "Beyond Crisis: The Ratchet Effect and the Erosion of Liberty"{ai:summary}<p>Government creates crises and uses them to gain more power. Even after the crisis ends, they keep some of their new authority. #politics</p>

Beyond Crisis: The Ratchet Effect and the Erosion of Liberty

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