07 July 2011

No! Anything but THAT!

Some brilliant economist has already figured out the solution to these "knotty problems;" indeed, a rich tradition of thought has developed to answer the questions with which modern economists struggle. The answer lies in sound currency, free markets, and free people.

As long as government intervention remains the essential doctrine of economic theory, Gold and others like him will fail to see that the solution to our problems is not to embrace the next generation of market manipulators; the solution is to open our eyes to the truth that has been masked by the irrational belief in omnipotent government.
"My Nobel Prize." By Stefano R. Mugnaini, Mises Daily, 7/7/11 (emphasis added).

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