Post
Topic
Board Economics
Re: the effects of fractional reserve on bitcoins value
by
caveden
on 29/10/2013, 22:08:19 UTC
That's going by your definition of the free market, where assassinations "don't belong."  They do if there's any demand and any supply.

No, they don't. It's only a free market if property rights are respected. Assassination - and governments - by definition does not respect them, so it's an antithesis to free markets. Regardless of supply and demand. Do no confuse "free markets" with just "markets" or even "economic laws" (like the fact that supply and demand determine prices). Economic laws are inexorable and thus, of course, apply to all sort human actions, including those which do not respect property rights, like assassination, slavery. theft and everything else government/mafias do.

But that's another topic Smiley

Finally, it's a bit odd that everyone is so eager to change topics away from fractional reserve banking -- the subject of both the post you are replying to & the title of this thread. 

It's just that....


Cheesy

Sorry for the off-topic.