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That has been around for 400 years so that’s hardly modern.

Blame Minsky Unfortunately, you just could not be more wrong unless you are only and specifically referring to fractional financial systems and/or unlimited fiat creation systems, both of which are part of the current western/global economy.When and where currency is a relatively stable commodity or currency cannot be created without two products, goods or services giving it life, stability is the norm. I read somewhere that: the Free-market concept require the participants (the consumers) to have an unrestricted access to the market information (such as food price at location A,B,C, ect and information about the alternative, and information about the quality of product) so that the participant can use them to make rational choice and to choose the only product which further improve the society they live in. (more…)

By dacorum, ago
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