The Free Market Center
Monetary intervention represents one of the more sinister influences on a market economy. Interference in the money supply cause distortions in money prices the laying false information to economic actors.
Monetary intervention creates huge distortions within the economy. It causes entrepreneurs and investors to make rational decisions based on false information. The consequences inevitably lead to booms in certain sectors of the economy that ripple through the rest of the economy and ultimately lead to a generalized collapse. We need to learn the dangers of monetary intervention so we can devise strategies to stop it in its tracks.
Monetary policy still remains the responsibility of federal government legislators.
The banking system creates a special kind of intervention in the normal flow of economic activity.
The power of banks and the Federal Reserve system depends on authorities granted to them by banking legislation.
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