“Interest is an essential component of human action and the charging of interest rates an integral component of human cooperation on markets. Abolishing interest rates or depressing them through policy intervention will never make markets work better, will never make financial markets more stable, and will never make society more prosperous.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
All I Want For Christmas Is the End to Unnecessary War
Declare Your Independence
Why U.S. Should Adopt Residency-Based Taxation
Dancing on the Grave of the Keynesian System
Letter from Shenzhen
What Could Go Wrong with the Housing Recovery in 2013? Plenty.
Michael Hastings: A Non-Conspiracy Theory
What Percentage of My Assets Should I Hold in Precious Metals?
What’s the greatest deception of our time?
Uber vs. the State, 1851 Edition
Lisa Bowman: My Encounter With The Borg
The Advantages of Bitcoin Over Paper Money and Gold
The Deep State or Invisible Government: A Brief Bibliographic Retrospective
Bill Bonner: A Crash Course in Money (Part III)
Aaron Swartz and Intellectual Property’s Bitter-Enders