Quote from: RealBitcoin on October 10, 2015, 09:04:18 PM

Quote from: ngupowered on October 10, 2015, 08:46:11 PM

Quote from: RealBitcoin on October 10, 2015, 11:29:40 AM

Sorry but free market is the way to go: tiny or no regulations, and tiny or no taxes

[Contradiction a]

Merriam-Webster defines "free market" as

" an economic market or system in which prices are based on competition among private businesses and not controlled by a government "

So, accordingly, to you denying the current paradigm to be a free market, in the US. for instance, where has the gov. stepped in and regulated prices for private businesses not subject to US. law?

I dont understand your question, but the dictionary definition is pretty spot on. [Here you agree with the definition]

And thus you realize that every market is controlled, because every market is either regulated or taxed, or both. And both the tax & the regulation distorts its price.

Tell me a VAT or (GST) tax doesnt distort the real price of any item? Doesnt the income tax destroy the spending power of the workers, and thus create mal-investments in the economy and tons of worthless bureocrats?

Yes it's not a free market, not by far.

Quote from: RealBitcoin on October 12, 2015, 12:07:17 PM

[

Some companies , closer to politicians, can get VAT cuts on certain products.

The dictionary definition is correct, but it is very narrow, the free market is a broader definition, while that definition is correct, thats only 1 pillar of the free market. Far more criterias need to be correct in order for us to talk about free market for example:

-Absolutely no government interference in the market: no regulation ,no taxes, no interfering laws ,and no quotas [Contradiction a]
-Free creation of marketplaces that facilitate the supply & demand exchange
-No interference in the natural exchange cycles
-Free choice of the nature,quantity, quality, price, and currency, of the tradable item/service.

Without those criterias, I would not talk about free market.

You are talking about an unregulated market; and you also managed to contradict yourself: see "[Contradiction a]" in your quote above!

The definition doesn't have any other qualifier; it is what it is. It doesn't speak of gov:s influencing private businesses, but actually controlling/setting the price for them. I'm not talking about the end user, but about private businesses buying&selling, setting their own prices and competing; so where's the gov. regulating prices?