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The Recusant
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The purpose of market intervention

- Alasdair MacLeod - Goldmoney

One might be tempted to advocate a blend of Keynesian and Austrian practices to solve the problems. Yet, like the recent central bank money printing, the government tends to go overboard, lacking restraint, to actually damage the economy more than help it. By using gold as its standard, a government has a meter for measuring the value of its money and economy. Bring it back!

Commented 2432 days ago

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Beginning of the headline :Interventions inmarkets bygovernments and centralbanks are routine andwetakethem forgranted. No one questionsthem, buttheycancreatedangerousdistortions.Theirreason forinterveningis totakepricedeterminationawayfrommarkets andconsumers. Theauthorities andbig business do notlikeleavingprices to freemarketsbecauseprices are subjective: inotherwords,prices aredecided by thedesires of theconsumer and not thecost of production... Read More

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