Free market economic system international locations are the ones where the prices of goods and companies are determined by a free value system. A capital market with inelastic interest-expectations is then a market which refuses to be impressed by present-day demand for securities which it believes to be quick-lived. For the same purpose, in such a case, as Mr. Harrod predicted, an try to put the bond market underneath stress by the use of open-market operations is prone to prove a failure.
Until an economic crisis occurs, it is attainable to take the position that the benefits of a market …