15 replies to this topic

[TakeAStepBack]

From wikipedia:

A free-market economy is one within which all markets are unregulated by any parties other than market participants. In its purest form, the government plays a neutral role in its administration and legislation of economic activity, neither limiting it (by regulating industries or protecting them from internal/external market pressures) nor actively promoting it (by owning economic interests or offering subsidies to businesses or R&D).

I think, while simplified, this is the true meaning of a free market.

In your own words, how would you define free market economics?
DO you believe it is a good or bad thing?

[seany]

Nonexistent

[TEO]

Yahteez err Monopoly

[Julius]

Something in a textbook that resembles nothing in the real world.

[deadheadskier]

whether gov't regulated or industry regulated, markets will be tilted towards those in power. I don't think 'free markets' exist.

[TakeAStepBack]

Free market has existed in the past. In us history no less...Industry regulation isnt free market either.

[TEO]

Free market has existed in the past. In us history no less...Industry regulation isnt free market either.

How did the course of free markets in the US pan out?

[TakeAStepBack]

It ended in central banking. People bought the idea that a central bank syztem, with elasticity in currency, and central econo
Ic planning could stabilize prices and curtail natural eco diwnturns. The very things the central banking. Idea has exacerbated.

[TEO]

Side note: I found the Benjamin Franklin biography where I first read that the rights of US citizens was put in place as merely an illusion.
Let me know if you have an interest in it and I will send it to you.

[TakeAStepBack]

Which is it ms. TEO?

[TEO]

Benjamin Franklin - Edmund S. Morgan

[Arglebargle]

Free market, that's the food pantry.

[TakeAStepBack]

on spin alley it is.

[concert andy]

[TakeAStepBack]

I raise your Rodney Dangerfield, with a Ludwig von Mises.

[TakeAStepBack]