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Doug Casey On The End Of Honest Markets
Doug Casey On The End Of Honest Markets
Via InternationalMan.com,
International Man: Markets are supposed to reflect economic reality. But when central banks suppress interest rates, governments debase currencies, and major powers manipulate oil prices for political purposes, can any market still be considered honest?
Doug Casey: Almost all markets are distorted in some way by government intervention.
Interest rates are the price of money itself. They’re the blood of an economy; when they’re manipulated, it amounts to blood poisoning.
Currencies have become nothing more than floating abstractions. They move up and down by government fiat.
The...
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