There is no such thing as a 'free market'.
Every time there is an exchange of goods and services, outside of the trades defined as 'barter', there is an equal and opposite exchange of money. The 'free market' of goods and services can not exist alone without the 'free market' of money, and money is not free. It is a commodity that is essential to the functioning of any economy and it is an oligopoly (like oil) that is manufactured, controlled and priced by cartels of bankers. What bankers do would be called price fixing in any other industry, and if you hoarded anything but money to create a scarcity and drive up the price you would be taken to court or shot. Since the production of money and credit is not a 'free market' any market that involves money is not free of influence by a third party, the banker.
If you want a 'free market' you have to have an impartial money system, where credit is available when needed and money does not change value overnight. As the value of money changes, the value of everything else changes, or vice versa. Without unencumbered money, merchants/citizens can not make rational decisions. “ I will loan you this to buy that one but not the other”. That is not a free choice.
Yes, the financial sector has to be controlled. The interest rate should be set by the central bank and all money in the system should be worth the same. Why should some people get a return of 10% on 'their' money where another's money is worth nothing, or less because of where he keeps it ?
Suppose everyone had a credit or debit with the central bank. Whatever the central bank charged for interest would be an income for the Government. People with money (credit) could lend it to others for whatever % they can get, but they would be competing with the central bank which will loan directly to all citizens dependent on the needs of the individual. Taxes and loan repayment could just be a percentage of bank deposits, so the whole process could be much more transparent and efficient. The Government could just stimulate a particular sector of the economy by allocating more funding for that sector. The Government would not be going further into debt.
If you want a 'free market' you have to have an impartial money system, where credit is available when needed and money does not change value overnight. As the value of money changes, the value of everything else changes, or vice versa. Without unencumbered money, merchants/citizens can not make rational decisions. “ I will loan you this to buy that one but not the other”. That is not a free choice.
Yes, the financial sector has to be controlled. The interest rate should be set by the central bank and all money in the system should be worth the same. Why should some people get a return of 10% on 'their' money where another's money is worth nothing, or less because of where he keeps it ?
Suppose everyone had a credit or debit with the central bank. Whatever the central bank charged for interest would be an income for the Government. People with money (credit) could lend it to others for whatever % they can get, but they would be competing with the central bank which will loan directly to all citizens dependent on the needs of the individual. Taxes and loan repayment could just be a percentage of bank deposits, so the whole process could be much more transparent and efficient. The Government could just stimulate a particular sector of the economy by allocating more funding for that sector. The Government would not be going further into debt.
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