Detlev Schlichter: By abandoning the gold standard we embraced monetary central planning, chaos

Once again, Herr Schlichter hits it out of the park.

Favourite quote:

“A system that is based on central planning, on price fixing and persistent market manipulation must ultimately collapse. Signs that this system has already checkmated itself are accumulating everywhere around us.”

And as Herr Schlichter reminds us at the end of his piece, in the meantime, the debasement of paper money continues.

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About Andy Duncan

An Austrian Internet Vigilante trying to live Outside the Asylum
This entry was posted in Austrian Economics and tagged , . Bookmark the permalink.

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