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Alasdair Macleod: The free market's slow death
11:25a ET Monday, October 29, 2012
Dear Friend of GATA and Gold:
GoldMoney Research Director Alasdair Macleod today explains why the gold price suppression scheme is only part of a bigger problem, government rigging of all markets, rigging that will end up discrediting capitalism in the public mind when government itself will have been the culprit.
Macleod writes: "All prices are no longer simply set by buyers and sellers but are manipulated by governments and central banks. The system that is failing is not capitalism but price-rigging by governments. Governments will always try to persuade us that it is markets and not them at fault. They have been doing this to varying degrees for a hundred years, ever since the abandonment of the gold standard. We are now on the last lap of this delusion. We face the economic calculation problem identified by von Mises. It was the eventual undoing of the Soviet Union, and we have fallen into the same trap."
Macleod's commentary is headlined "The Free Market's Slow Death" and it's posted at GoldMoney here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...
World opinion is changing in favor of gold.
How can you learn why and what it will mean to you?
Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."
Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him."
To buy a copy of "The True Gold Standard," please visit:
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