Posted on 06/17/2010 5:57:58 AM PDT by UniqueViews
Governments have intervened too much in free markets since the crisis started, to the point that they are affecting the health of the world economy, Marc Faber, the author of "The Gloom, Boom & Doom Report" told CNBC Thursday.
"I think the biggest problem is too much intervention. Whatever the government touches is usually done worse than in the private sector," he said.
"I think any government intervention has unintended consequences and is negative," he said. When there is intervention, "eventually the market will break the intervention and things will blow out."
(Excerpt) Read more at cnbc.com ...
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