In this essay I explain in very simple words why monopolies are never the result of the free market, but they arise as a result of government regulation instead. I adopt a common sense approach for the general reader with no economic knowledge.
There is a wide spread belief that it was the private banking sector that caused the current economic crisis. “Greedy” private bankers destabilized the economy, as socialists put it. At the same time, there are many conspiracy theories about central banks around. According to these theories, central banks are controlled by “dark” forces, and these…
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