| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Opinion: There ain’t no such thing as a free market
It cannot exist in its true form because the very money that is the foundation of our economy now is just pieces of paper: “legal tender for all debts public and private.” Money’s value is controlled not by the markets but by a federal agency, the Fed, that thinks it thereby can control the economy … like tuning a carburetor on a car.
Conservative groups advocate for “free market prosperity.” Then they turn a blind eye to central government command and control exercised by endless printing of money that mainly benefits the nation’s big banks, big businesses and big investors. A central planning Federal Reserve System creates a stock market bubble, valuations not based on increased production, merely on an increased supply of dollars.
The Federal Reserve has expanded the M1 money supply from $1.34 billion 10 years ago to an eye popping $2.8 trillion today an increase of over 100% in a decade …. http://www.marketwatch.com
Source: http://luismmx.blogspot.com/2014/09/opinion-there-aint-no-such-thing-as.html
