“Ludwig von Mises warned us that governments will destroy free-markets long before they ever understand how they work. I would like to add that governments will destroy free-markets if they do not like the message of the market. Government intervention after all is nothing but a blatant attempt to change the market’s message about the price of some good or service. We have seen this intervention time and again by governments around the world, including the U.S. government. Sen. Lieberman’s bill to prevent institutional investors from buying commodities is a good example of this penchant to destroy the market process rather than put the blame on the real culprit, which is the US government itself and its mismanagement of the dollar, which itself is an un-Constitutional currency.” – James Turk
Jim’s Quote of the Day:
