The Argument For Collectivism Is Simple If

Significant Changes In The Growth Rate Of Money Supply, Even Small Ones, Impact The Financial Markets First. Then, They Impact Changes In The Real Economy, Usually In Six To Nine Months, But In A Range Of Three To 18 Months. Usually In About Two Years In The Us, They Correlate With Changes In The Rate Of Inflation Or Deflation." "the Leads Are Long And Variable, Though The More Inflation A Society Has Experienced, History Shows, The Shorter The Time Lead Will Be Between A Change In Money Supply Growth And The Subsequent Change In Inflation.

Economists May Not Know Much. But We Know One Thing Very Well: How To Produce Surpluses And Shortages. Do You Want A Surplus? Have The Government Legislate A Minimum Price That Is Above The Price That Would Otherwise Prevail. That Is What We Have Done At One Time Or Another To Produce Surpluses Of Wheat, Of Sugar, Of Butter, Of Many Other Commodities. Do You Want A Shortage? Have The Government Legislate A Maximum Price That Is Below The Price That Would Otherwise Prevail.

The Government Solution To A Problem Is Usually As Bad As The Problem.

The Only Reason Free Markets Have A Ghost Of A Chance Is That They Are So Much More Efficient Than Any Other Form Of Organization.

When Everybody Owns Something, Nobody Owns It, And Nobody Has A Direct Interest In Maintaining Or Improving Its Condition. That Is Why Buildings In The Soviet Union - Like Public Housing In The United States - Look Decrepit Within A Year Or Two Of Their Construction.