{"id":6427,"date":"2012-12-10T02:25:04","date_gmt":"2012-12-10T07:25:04","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6427"},"modified":"2012-12-10T02:25:04","modified_gmt":"2012-12-10T07:25:04","slug":"is-state-intervention-in-the-economy-inevitable-cis","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/10\/is-state-intervention-in-the-economy-inevitable-cis\/","title":{"rendered":"IS STATE INTERVENTION IN THE ECONOMY INEVITABLE? | CIS"},"content":{"rendered":"

Peter Boettke teaches economics at George Mason University. He writes that ongoing economic woes demand drastic reduction in state intervention into free markets:<\/p>\n

The great expansion of trade and technology in the twentieth and twenty-first centuries has produced a level of material wealth that enabled the cost of government intervention to be offset, and remain largely hidden to many observers. This possibility is not a new phenomenon. Adam Smith pointed out long ago that the power of self-interest exercised in the market economy is so strong that it can overcome a \u2018hundred impertinent obstructions with which the folly of human laws too often encumbers its operations.\u2019 But it is important to stress that the great material progress realised over the past 100 years was not caused by the expansion of state invention into the economy but in spite of those interventions. And the tipping point is when the number of \u2018impertinent obstructions\u2019 grow from hundreds to thousands so that the market economy can no longer hide the costs of the folly of human laws.<\/p><\/blockquote>\n

It is important to distinguish between state intervention in the free market and state regulation of free markets. Regulation is essential for orderly functioning of the market place. Compare the early days of stock exchanges to the benefits of current regulation regarding insider trading, market manipulation and stock flotation. State intervention, on the other hand, is disruptive to the orderly functioning of markets — distorting price signals which can lead to massive imbalances. The most obvious recent example of state intervention is the Fed suppression of interest rates in the early 2000s which led to a massive property bubble and global financial crisis in 2008.<\/p>\n

Read the entire article at IS STATE INTERVENTION IN THE ECONOMY INEVITABLE? | CIS<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Peter Boettke teaches economics at George Mason University. He writes that ongoing economic woes demand drastic reduction in state intervention into free markets: The great expansion of trade and technology in the twentieth and twenty-first centuries has produced a level of material wealth that enabled the cost of government intervention to be offset, and remain … <\/p>\n

Continue reading “IS STATE INTERVENTION IN THE ECONOMY INEVITABLE? | CIS”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[1468,2899,3230],"class_list":["post-6427","post","type-post","status-publish","format-standard","hentry","category-economy","tag-free-markets","tag-regulation","tag-state-intervention"],"yoast_head":"\nIS STATE INTERVENTION IN THE ECONOMY INEVITABLE? | CIS - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IS STATE INTERVENTION IN THE ECONOMY INEVITABLE? | CIS - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Peter Boettke teaches economics at George Mason University. 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Rising Twiggs Money Flow signals buying pressure but the situation is artificial. Normally breach of primary support would elicit strong selling. * Target\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6588,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/01\/25\/visible-hand-of-the-fed-business-insider\/","url_meta":{"origin":6427,"position":1},"title":"Visible Hand Of The Fed | Business Insider","author":"Colin Twiggs","date":"January 25, 2013","format":false,"excerpt":"Lance Roberts writes: While the Fed programs that we have witnessed since the financial crisis are historically unique -- liquidity driven markets are not. We have witnessed the effects of excess liquidity in the bull market cycle prior to the 2008 financial crisis. 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Fred Bergsten and Joseph E. Gagnon, at Peterson Institute for International Economics, published December 2012: More than 20 countries have increased their aggregate foreign exchange reserves and other official foreign assets by an annual average of nearly $1 trillion in recent years.\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4098,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/18\/sowing-seeds-of-the-next-major-crisis-wsj-news-hub\/","url_meta":{"origin":6427,"position":4},"title":"Sowing Seeds of the Next Major Crisis – WSJ News Hub","author":"Colin Twiggs","date":"April 18, 2012","format":false,"excerpt":"Francesco Guerrera: \"Prolonged intervention by the authorities is creating fundamental distortions in the financial markets. 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