«-- Note from JWR: | Main | Odds 'n Sods: --»
Jim's Quote of the Day:
"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