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194 pages, Hardcover
First published January 1, 2009
If you believe in the free market, you cannot support the Fed, one of the most intrusive interventions into the market. If you believe in the free market, you cannot support central planning of money, the very lifeblood of the economy. If you believe in the free market, you cannot support government price-fixing, including the fixing of interest rates. No free market supporter worth his salt would accept the argument that thus-and-so is so important that it needs to be administered and supplied by government. In any other context, free-market advocates know the correct answer: the more important a sector is, the worse a job government would do with it, and the more urgently it needs to be handled by free individuals subject to competition. Money may in fact be far better cared for within the nexus of voluntary cooperation that constitutes the free market than under the compulsion and coercion of government. (157)