[roenxi]

What the central banks do is profoundly anti-free-market.

'Reduces competition and efficiency' is a phrase that really suffers because it doesn't capture the scale of the problem. For markets to rise on bad news indicates that the entire economic signalling apparatus is being disabled.

The people who think that disabling economic signals is a good idea are actually dangerous. Real wealth cannot be created by optimism and hope. Economies are supposed to purge themselves of idiot capitalists who can't create new wealth.

[skybrian]

You're making assertions without evidence. Which economic signals aren't working? Seems like some retailers going bankrupt lately are a sign that there is plenty of competition, in some sectors, anyway?

[anm89]

We are on an internet forum. What do you want him to do? Get his post peer reviewed?

[skybrian]

Maybe link to a news article or two?