
“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.”
Related posts:
Secession: Armed vs. Peaceful
Be Prepared When the ATMs Go Dark…
The State's Worst Atrocity
The Sad History of U.S. Peace Negotiations
You Are an Anarchist. The Question Is How Often?
It’s Up to You, Entrepreneurs: Brad Feld on the Rise of Global Startup Communities
Bill Bonner: Jailhouse humour
Identity Theft, Credit Reports, and You
CTRAFFIK -"What if Nobody Showed Up to Vote?" (Official Video)
An Important Weimar Republic History Lesson
Champions of Dishonesty
Get a Room (But Only if it is Government-Approved)
Hiroshima: Lincoln's Legacy to Civilians
How to escape from a car underwater
Is the National Security Agency behind Bitcoin?