Saturday, July 5, 2014
Marc Faber Monthly Market Commentary: July 1, 2014
Is “Big Government” thwarting economic Growth?
Science fiction author Frank Herbert opined that, “All governments suffer a recurring problem: Power attracts pathological personalities.”
Friedrich Hayek thought that, “the more the state ‘plans’ the more difficult planning becomes for the individual,” and John Stuart Mill wrote already in Principles of Political Economy (1848) that, “In all the more advanced communities the great majority of things are worse done by the intervention of government, than the individuals most interested in the matter would do them, or cause them to be done, if left to themselves.”
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Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.