"Bureaucracy, the rule of no one, has become the modern form of despotism." ~ Mary McCarthy
How Governments Distort the Value of Money With or Without a Gold Standard
Submitted by Jad Davis on Mon, 2011-05-30 00:00
". . . market distortions – from the tech bust in 2000-01 all the way back to Tulipmania during the Dutch Golden Age of the early 1600s – all find their origin in monetary meddling of one form or another. The asset class affected may vary, in other words, but the culprit – namely, governments who manipulate the money supply – is always the same."
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