Interviewed by Gordon Long, Guido Hülsmann discusses the elements of “financial repression” in the form of regulation, central banking, inflation, and privilege for certain politically-connected industries and political actors.
“As a consequence of Financial Repression (that is of government intervention) people use their savings differently than they would otherwise have used. Therefore different people benefit from those savings (most probably the government itself) to a greater extent than otherwise would have been the case.”
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