Government interventions in the free market, irrespective of whether they occur through monetary of fiscal policies or direct measures and regulation such as the government taking over, subsidizing, or bailing out companies, etc., bring about unintended consequences that are difficult to forecast. But what is easy to forecast is that the increased government intervention brings about more uncertainty about the future, and that uncertainty is poison for capital spending and sustainable economic growth.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
