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Investors Should Fear This Payday
by Guy Bennett
President, Q1 Publishing
A pure free market economy is great on paper. Goods and services are exchanged under conditions mutually agreed upon by the seller and the buyer. The efficiency of the system is enforced by the natural laws of supply and demand, leading to lower pricing and increased quality of service.
Under this theory, government regulation is an evil which distorts the market and dilutes the purity of the relationship between the consumer and producer.
As we’ve been reminded recently, a free market economy also has its downside.
In hindsight, lending money to low-income home owners with “teaser rates” that…
11Nov2008 | Q1 Publishing | Comments Off | Continued
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