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Post Peak Iberia
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89
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Re: Oddly this is a good thing
(
none / 0
)
Setting prices by fiat doesn't quite work either.
When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.
— John M. Keynes
by
Migeru
(
migeru at eurotrib dot com
)
on
Wed Jun 11th, 2008 at 04:23:49 PM EST
[
Parent
]
Re: Oddly this is a good thing
(
none / 1
)
That's all markets do anyway - they've just voodoo'd everyone into believing that the market price is somehow magically the right one, and government fiat prices are wrong by definition.
As Sassafras said, reality isn't quite that tidy.
by
ThatBritGuy
(
thatbritguy (at) googlemail.com
)
on
Wed Jun 11th, 2008 at 06:40:12 PM EST
[
Parent
]
Post Peak Iberia
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