Quote from: Alpaca John on May 31, 2013, 06:44:11 PM

Quote from: myrkul on May 31, 2013, 06:38:29 PM

Quote from: Alpaca John on May 31, 2013, 06:35:21 PM

To those who think monopolies won't exist on a free market, I'd say: I think you are very wrong.

Define a monopoly for me.

No, that is way offtopic. I'm willing to have the conversation, but not in this thread. You can make a new thread if you want? I'll be back in five.

No, this is completely on-topic. I contend that the solution to all the problems presented by the Fed is to eliminate it's monopoly on the creation of money, and open that duty to the free market.

Your counterclaim is that monopolies would still exist on the free market, with the implication that they would be just as bad as the Fed. In order for me to show this claim to be fallacious, I need you to clearly delineate what you mean when you say "monopoly."