- The Washington Times - Wednesday, December 30, 2009

ANALYSIS/OPINION:

Mark W. Hendrickson’s Op-Ed column “Free the markets” (Opinion, Sunday) is right on target. It is a message that the nation should heed.

America must change its attitudes on money and the role of government. Here in Hawaii, the fallout from governmental interference in the market has absolutely crushed our tiny economy, which produces virtually nothing and is dependent on tourism.

The Austrian economist Ludwig von Mises wrote: “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

The combination of excessive government spending and poor fiscal policy has put us on the road to hyperinflation and is killing Main Street. Free markets are the key to a free people, and there can be no social justice if the people possess no wealth. I hope that America’s leaders will realize this truth before it is too late.

DANNY DE GRACIA II

Waipahu, Hawaii

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