"Statism (the practice of concentrating economic and political power to the government, always at the expense of the individual and the community, and towards authoritarianism) puts the blame for high interest rates on banks, just as it blames supermarkets for consumer prices," In this article of his @dlacalle_IA validly argues about interest rates and the price of risk, how they reflect to the reality of inflation, and how their manipulation contributes to financial crises, suffering and serfdom. A must read. | @EpochTimes #InterestRates #Inflation #Government #CentralBanking #Fed #ECB #Printing #Deficits #Debt #Debasement #Interventionism #Stagnation #FinancialCrisis #Statism theepochtimes.com/opinion/centra…
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