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> So in other words, the free market has produced a pile of jobs that we don't really need? Our current system is the opposite of a free market. You can think
by lettergram 10y ago
> So in other words, the free market has produced a pile of jobs that we don't really need?
Our current system is the opposite of a free market. You can think of paying your monthly rent payment, your banking, etc. as (mostly) free market.
You can think of taxes, DMV, healthcare, etc. as not free market.
- baursak 10y agoHousing is very far from free market, from zoning regulations to building codes to property taxes and school districts to rental regulations. Banking is also pretty much the opposite of it, from the Federal Reserve dependency to Fannie and Freddie loan guarantees.
- lettergram 10y agoFair, but both are significantly more free than others. Rent is not really heavily regulated outside of California and New York. Similarly, banking is indeed regulated in specific sectors, but not really across the board