“Wait a minute… Are you saying that all these recovery programs…and raising and lowering interest rates…and providing support for key industries…and help for people who are unemployed… Are you saying all that is a waste of money?”
Oh no, we’re not saying that. We’re saying it is worse than a waste of money. It makes people doubly poorer – first because of the actual cost of the recovery programs themselves…and second because the programs interfere with the economy’s efforts to correct its mistakes and find proper prices.
-Bill Bonner
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