Free Market
Author:
Ron Paul
Online Publish Date:
The Free Market 14, no. 8 (August 1996) A wealthy broker of questionable repute is trying to sell a mutual fund. If it stock goes up, he says, you profit. If it goes down, he adds, he’ll send you a personal check to put it back on par with the original purchase price. He promises do this forever. Thus its value can’t decline, no matter how much