The Great Lie

What do you mean, free markets don't work? You can't have a "free market" without free market money!

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[duumas]

Just came over from StumbleUpon so I could give this vid 2 thumbs up!

[GoldMikeMaloney]

@duumas thanks! There is more of this at Wealth Cycles dot com!

[singhalmohan]

I am from India. Over here people are not interested in buying silver as they say it has risen 4 times in 10 years. I am totally convinced about the merits of investing in silver even though my country is having a GDP growth rate of more than 8%. Problem: the same as in US. Printing press running throughout. Thanks to people like Mike, David Morgan, Jason Hommel, we get insights on the real stuff. Thanks Mike.

[GoldMikeMaloney]

@singhalmohan thanks for your comments... we can deliver silver directly to India via GoldSilver . com

[okvideos5]

Good job MIke, but Ron Paul for President!!!

[jwinter228]

@woolcer Hocuspocus? You have to elaborate before you expect anyone to believe that - it's easy to make accusations without any evidence. I'd recommend reading Henry Hazlit's "Economics in One Lesson" - I think if you read it objectively, it's a good eye-opener.

[woolcer]

@jwinter228 Sorry what I meant was that after the Corn laws there was a genuine attempt at a free market in UK. However this was quickly abandoned after global trade began to knockthe UK economy and the state again stepped in.My point is that countries simply cannot 'develop' using free market measures and have never done so. Free market ideas rely on theoretical hocuspocus.It is then very dangerous to try to apply this to the real world (ie in weak developing countries particulalrly)

[jwinter228]

@woolcer "Corn laws" inherently are not free market - are you talking about mercantilist trade policies in england?

Free market means that if Goldman Sachs screws up, if Chrysler screws up, if BCBS screws up - they pay for the consequences, not taxpayers. This allows new, small entrepreneurs to step up and compete instead of wealth being hoarded by those that are bailed out. This is a free market check on wealth equality - along with market interest rates/market money. Think about it....

[woolcer]

1) show me one advanced industrial country that has developed through free market principles, answer none. The UK tried it for the Corn Laws back in 18?? economy fell over and Government had to prop it up again. A country grows through a mixture of state and the market.

2) Show me one Advanced Industrial Country that has 'pulled its welathiest down to the levels of the poorest'. The rich have been getting progressivelyt richer and the gap between rich and poor progressivelt larger.

[casienwhey]

Mike, this was an excellent capsule on the role of limited government and value of free markets. Too bad we traded big government and expansive financial controls for a true free market based system.

[sfiorare]

i look forward to seeing how the tunes in these comments change, when the gold bubble bursts