Negative Interest

“How real free markets work”

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Gene Callahan’s comment on this Daniel Kuehn post:

On the one hand, whenever one complains about concentrations of power, pollution, whatever, libertarians tell us, “Well, that’s because we have never had a real free market!”

On the other hand, although we have never had them, we know how they work, and they are responsible for every improvement in human life over the last 300 years.

Why not just say “unicorns”?

Though, to be fair, fiscal stimulus also works whenever it is tried and has never truly been attempted.


Written by negativeinterest

October 24, 2011 at 11:35 pm

Posted in Uncategorized

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