“Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.”
Quote by Doug Casey
Author
Doug Casey
Doug Casey is a writer whose works span various fields, including investment, politics, and philosophy. Specific details about his life and achievements are unclear. more
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