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(Ebook) The Case for Big Government by Jeff Madrick ISBN 9780691123318, 0691123314

  • SKU: EBN-1371648
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Authors:Jeff Madrick
Pages:218 pages.
Year:2009
Editon:1
Publisher:Princeton University Press
Language:english
File Size:1.04 MB
Format:pdf
ISBNS:9780691123318, 0691123314
Categories: Ebooks

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(Ebook) The Case for Big Government by Jeff Madrick ISBN 9780691123318, 0691123314

Yet another screed against free markets. It's too bad that the average rant of this variety neglects that we haven't had free markets for a very long time. What could be more important to a so-called "free market" than the price of money? In order for a free market to exist, interest rates would need to float freely, not be set by the Fed. The Fed "sets" (translation: rigs) interest rates which causes economic dislocations and malinvestment. What we've had is crony capitalism and rigged markets for large corporations and the Federal Reserve Banks. Government isn't the solution - individuals need to keep what they earn so that they don't need to borrow money and be played by banks and vote-buying politicians.
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