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October 3, 2012 at 1:39 pm
#17158
Moderator
This is why the state hates gold. It provides an (imperfect) escape from being victimized by its policies. If we don’t behave the way they want us to their schemes won’t work. States also crack down on the use of other escape hatches from their inflation, like foreign currencies and commodities. Of course, states don’t have to escalate their interventions just because they don’t work. But they have a tendency to do so.