Post
Topic
Board Economics
Re: the effects of fractional reserve on bitcoins value
by
crumbs
on 29/10/2013, 23:09:01 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.


Lol, so i can't sell my wares at your free market (i deal in assassinations Cool)?  That's pretty dictatorial of you.  Seems like you're an aspiring tyrant yourself, telling me what i can and can't sell Angry

*Also look at the red text.  Your definition, not everyone's.  Free market economy is simply the opposite of planned economy.  Ignore the wikipedos here -- that page is a pillow fight & a pissing contest (see talk).

Edit:  anothersomeoneswrongontheinternet.gif Tongue Cheesy