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To: sportutegrl; mikelike; paulycy; Wolfie; Diogenesis; dennisw; TigerLikesRooster; Roccus; PGalt
Monetary policy & "stabilization policies" are bank welfare. Hayek fought with Keynes about the effects of these destructive interventions - decades ago. Politicians keep resorting to the same, corrupt policies - and destabilizing capital markets.
18 posted on 01/26/2010 4:18:10 PM PST by 4Liberty ( we have a rat problem .)
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To: 4Liberty

19 posted on 01/26/2010 4:24:27 PM PST by 4Liberty ( we have a rat problem .)
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To: 4Liberty; All

Thanks for the ping, those references.

Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion—when you see that in order to produce, you need to obtain permission from men who produce nothing—when you see that money is flowing to those who deal, not in goods, but in favors—when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you—when you see corruption being rewarded and honesty becoming a self-sacrifice—you may know that your society is doomed. - Ayn Rand


20 posted on 01/26/2010 6:18:46 PM PST by PGalt
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