Thursday, September 26, 2019

Libertarians have to pay the socialist monopoly fee

In contrast to the authors, I do not believe negative interest rate policy can ever work as it violates basis economic principles on time preference and the time value of money.
Some libertarians think that government socialists should provide perfect monopoly money, then forget about the socialist central planning wedge. 

Libertarians, like Mish, have proved time and again the socialist planning wedge is real. But many of them forget the central banks will invariably collect that wedge, as libertarians have proved it must be paid.  So the inevitable happens, the socialists are coming for the wedge payment, it went unpaid by libertarian currency traders for 40 years. They are coming for you, Mish, for accepting central planning.

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