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Friday
Feb172012
Wake-Up Call - 2/17/12
February 17, 2012 Misguided Policies And The Absurdity Of Money Printing
The to-and-fro of economic activity has nothing to do with the activities of a central bank. Left alone, it is self-adjusting. Government interference can only aggravate the downturns. Saving money is another way of foregoing consumption. It is not helpful to buy what we don’t need even if governments constantly exhort us to do so. The consequences of artificially low interest rates. The role of banks. Malinvestment. Problems of retirees trying to outlive their money (their primary concern today). The shortcomings of democracy.
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