Trenton Mccarthy, chapter 13, question 6

Chapter 13's topic was on the wealth of nations. There are many factors that play in the development or downfall of a nations economy. One of the more interesting factors was "excess regulation." When things get bad, trying to fix things by taxes and laws ( like in Moscow with Article 575 and 615) could may as well be a detriment. Regulating is definitely not the answer. Another interesting factor was openness to trade. I couldn't help but thing of Ancient China. When the tried to close their nation off from the outside world, their economy fell. Falling behind industrial and agriculture advances set them back, causing a great city to go into the hole. With all these factors that Wheelen mentioned, I thought about the United States. The reason we have been so successful as an economy is because we generally do most of these factors well.