Paul Singer – The Market is Broken

In the realm of economics, no government can play god.”
— José Niño, Analyst, Acton Circle of Chile

I came across today’s intro quote this week while sitting in my beach chair facing the Atlantic Ocean.  The title seems apropos to the world we find ourselves living in today.

In a free market, prices function as signals to both consumers and producers of how much of a product or service must be demanded or supplied, respectively.  TheMises Institute blog post, my source for the quote, concluded:

The laws of economics are universal; they apply to developed countries just as much as developing countries.  When price...