Thursday, October 20, 2011

Real Ignorance

The cracks between the paving stones
Look like rivers of flowing veins
Strange people who know me
Peeping from behind every window pane
--The Who

Ron Paul offers a basic lesson in interventionism and its consequences. Markets can never be free when bureaucrats seek to fix the price of money and credit. Insert central banks into economic systems, and watch debt explode higher, and watch economic ups and downs amplify into tremendous cycles of boom and bust.

The folly of it all is that the purported role of central banks is to be a stabilizing force. (Hard to type that without LOL.)

The ignorance is palpable. And the charade persists.

1 comment:

dgeorge12358 said...

The essence of the interventionist policy is to take from one group to give to another. It is confiscation and distribution.
~Ludwig von Mises