Wednesday, September 16, 2009

From the LNC Quote Shop

Sauvik Chakraverti-

The financial crisis did not occur because of “over-reliance on free market principles.” There is a worldwide recession today only because governments interfere with money and credit, thereby creating bubbles that invariably burst. The real mischief is not the bust; rather, it is the boom – a government creation. Sound money and legitimate free banking are the only solutions to this.

(emphasis mine)