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You're conflating the constitutional protection of individual rights with government interference in the market. There's a big difference.
by programmarchy 10y ago
You're conflating the constitutional protection of individual rights with government interference in the market. There's a big difference.
- soVeryTired 10y agoGovernments mandate minimum wage laws. They protect intellectual (and other) property rights. They license banks to create money, and they set interest rates. There is no such thing as a market free from government interference.
- programmarchy 10y agoEverything you listed didn't exist before the 1900s, and was a result of Progressive Era legislation, which is what I'm arguing against.
- soVeryTired 10y agoAh yes. Because markets worked so well in the gilded age.
- programmarchy 10y agoHistory is more nuanced than the propaganda delivered by our state education would lead us to believe. Murray Rothbard has uncovered much here, so I will link this teaser article again. [1] Highly recommend his books to anyone wanting to dig into the history of Progressive Era regulation, which transformed our laissez-faire economy into a centrally managed one. It offers deep insights into why our economy seems completely dysfunctional and unfair; it was designed that way to benefit powerful interests. People actually were better off with more freedom. [1] https://mises.org/blog/rothbard-progressive-movement https://mises.org/blog/rothbard-progressive-movement
- soVeryTired 10y agoI'll leave you to go on believing the literal truth of the economics 101 models.