Posts Tagged ‘intervention’

“Why do we use money?…  the social function of money is to facilitate economic calculation.

Money cannot do this if its future purchasing power is subject to violent swings because of political intervention….  sound money has desirable properties such as a predictable purchasing power.” -Robert Murphy

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“In a free market economy, money gets allocated to where it’s treated best.  But when you introduce the government, you get a business cycle.  You get a boom… which should be followed by a bust.  But that’s not what happens in our economy… Booms are followed by government intervention.  It’s done to prevent the busts from fully occurring.  But it just causes another—more extreme—boom and bust cycle.” -Tom Dyson