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Source link: http://archive.mises.org/1471/price-stabilization/

Price Stabilization

January 27, 2004 by

From Marginal Revolution –

“4. The more concerned we are with price stabilization, the more our economies take on properties of commodity money standards…” – Mehrling

Allowing central bankers to attempt to stabilize prices is equivalent to allowing a General Motors ONSTAR operator to remotely drive your vehicle at the speed limit on the expressway using a rear-facing video feed through a geosynchronous satellite network.

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