The function of government is to provide you with service; the function of the media is to supply the Vaseline.
L. Neil SmithIf I were Osama, and the United States government were actually looking for me, I'd be clean-shaven by now, crewcutted, wearing jeans and a ZZ Top T-shirt, and living in a nice little house in Lincoln, Nebraska.
L. Neil SmithMoney, first and foremost, is a medium of communication, conveying the information we call 'price'. Government control of the money supply is censorship, a violation of the First Amendment. Inflation is a lie.
L. Neil SmithEconomists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process.
L. Neil Smith