"...government intervention cripples the market economy, and recession or depression is the painful but necessary adjustment by which the market reasserts itself, and liquidates the distortions committed by the government’s inflationary boom...whoever is granted a monopoly of printing money (e.g., the Fed, the Bank of England) will use that monopoly...to finance government deficits, or to subsidize favored economic groups. Power will tend to be used, and the power to create m…
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