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Tuesday, June 14, 2011

In Defense Of Free Markets

Free markets adjust prices to reflect continuously changing supply and demand.  Free markets are a source of true information.  Government interventions such as Obama’s various “green” subsidies, taxes, and regulations, along with the Federal Reserve’s monetary policies, deliberately obscure the truth of underlying supply and demand, aiming to control consumers’ behavior. 

Small wonder that the government’s Keynesian economic interventions have left private businesses uncertain about true underlying market conditions.  Small wonder that the economy remains mired in the worst recession since similarly wide and deep tinkering under the Nixon and Carter administrations.

Posted by Thomas E. Brewton on 06/14 at 04:04 PM
Economics • (0) Comments
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