“Interest is an essential component of human action and the charging of interest rates an integral component of human cooperation on markets. Abolishing interest rates or depressing them through policy intervention will never make markets work better, will never make financial markets more stable, and will never make society more prosperous.”
Detlev Schlichter: Of interest and the dangerous habit of suppressing it
- Post author:The Freedom Watch Staff
- Post published:February 16, 2013
- Post category:Network Archives
Tags: Bankocracy, Big Lie, CLibertyC, constitutional liberty coalition, economic Trends, Economics, Essays, for life and liberty, money, Money For Nothing, Resistance, sound money, The Freedom Watch
The Freedom Watch Staff
News before it is news for the resistance from a trusted correspondent.
The Freedom Watch Network