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Price Stabilization

January 27, 2004

From Marginal Revolution -- "4. The more concerned we are with price stabilization, the more our economies take on properties of commodity money standards..." - Mehrling Allowing central bankers to attempt to stabilize prices is equivalent to allowing a General Motors ONSTAR operator to remotely drive your vehicle at the speed limit on the expressway using a rear-facing video feed through a geosynchronous satellite network.

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