These are a few thoughts on ideas that enthrall economists and few others.
A thriving economy is derived from a thriving market. A thriving market is created by maximum free access under a mutually accepted set of guidance which blocks power grabs of all sorts. Such grabs are always aimed at modifying such access and are always misguided and usually driven by plain greed. Attempts to limit guidance is usually an effort to use capital to exploit the evolved market.
There is scant evidence that economists truly understand this. Consider. Could i put out a dollar today and receive back tomorrow either my dollar or two dollars. That is a clean commercial bet. any interference must lower certainty so do not do it.
I’ve Been Fighting a Battle Against these Ideas – the ‘Paradox of Thrift’ is a Myth: Dr. Mark Skousen
Mark Skousen (Left) and Milton Friedman
Tuesday, March 10, 2015