Tuesday, October 03, 2023

The Market

"The market" means voluntary trade without coercion. 

It is an example of spontaneous order through the action of independent individuals. An emergent property.

Government "laws" make a market impossible-- although you can still create a sort of quasi-market through the Black (or Gray) Market.

I don't usually say "free market" anymore because if it's not free, it's not the market.

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