Quote of the Day: Doug French

From Doug French, writing in The Freeman:

With a sound currency a person could put a few bucks away in a savings account each month, confident its purchasing power would keep pace and the interest earned provide an adequate nest egg, all the time being blissfully unaware of what was happening on Wall Street. But in the modern world, Hulsmann writes, people “become dependent on intermediaries and on the vagaries of stock and bond pricing.”

This is great for Wall Street players and bad for everyone else.

Author: Nick Freiling

Founder/Director of PeopleFish. I write on technology, market research and economics. Bylines at Startup Grind, FEE, the American Enterprise Institute and the Mises Institute.

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