Post
Topic
Board Economics
Re: What does a Free Market mean to you?
by
JoelKatz
on 09/08/2011, 14:40:33 UTC
Right, let's do away with public education.
Then what will homogenize the immigrants and keep children out of the labor force?

Quote
Create the free market for our children's sake. You can be responsible for the roads outside your house to. And if there's a war people can hire gangs to protect their property, competition will prevent them from becoming governments. If only it can be realized, it will be paradise. Wait... It already exists here on earth... Somalia. I'll persuade them to accept bitcoin.

Buys plane ticket Cheesy
I think you missed the part about a free market requiring an effective police and court system that can enforce agreements and penalize the use of force or fraud. I don't think Somalia has that. Also, just having a free market doesn't ensure success or prosperity. You need gas in your car for it to run, but you need other things too.