Playing with or using or spending other people’s money engenders reckless behavior.
That’s one of the arguments that call for a limited government.
Not only for a limited government, but in principle no government intervention in the market, but very rarely, like the case of the CCP (Competition Commission) in Pakistan.
And most of all, no intervention in the money market. Because that impacts the whole financial system and thus the production system.
12 September, 2024