Lew Rockwell posted an excellent article (“The Force Is With Us”) on the downward trend in prices we are seeing in some sectors of the economy, and why this is a good and absolutely necessary thing to be happening. As we all know, the powers-that-be at the Federal Reserve, in the federal government, and on Wall Street are trying their best to make sure that prices do not come down. In seeing falling prices as one of the big problems of “the economy”, they fail to understand that housing prices (for example) must be allowed to fall to market levels so that more people can afford to buy houses at mortgages they can afford, and so that the huge surplus of housing that won’t sell at previous prices will be able to sell. In other words, take the shackles off of the free market and allow natural forces to bring prices where they should be.” source...
“Lew Rockwell posted an excellent article (“The Force Is With Us”) on the downward trend in prices we are seeing in some sectors of the economy, and why this is a good and absolutely necessary thing to be happening. As we all know, the powers-that-be at the Federal Reserve, in the federal government, and on Wall Street are trying their best to make sure that prices do not come down. In seeing falling prices as one of the big problems of “the economy”, they fail to understand that housing prices (for example) must be allowed to fall to market levels so that more people can afford to buy houses at mortgages they can afford, and so that the huge surplus of housing that won’t sell at previous prices will be able to sell. In other words, take the shackles off of the free market and allow natural forces to bring prices where they should be.” source...
Lew Rockwell posted an excellent article (“The Force Is With Us”) on the downward trend in prices we are seeing in some sectors of the economy, and why this is a good and absolutely necessary thing to be happening. As we all know, the powers-that-be at the Federal Reserve, in the federal government, and on Wall Street are trying their best to make sure that prices do not come down. In seeing falling prices as one of the big problems of “the economy”, they fail to understand that housing prices (for example) must be allowed to fall to market levels so that more people can afford to buy houses at mortgages they can afford, and so that the huge surplus of housing that won’t sell at previous prices will be able to sell. In other words, take the shackles off of the free market and allow natural forces to bring prices where they should be.” source...
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