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>> The market is created by laws I always thought that the market was created by two people engaging in a voluntary exchange of goods and services. I'm not 10
by koanarc 16y ago
>> The market is created by laws
I always thought that the market was created by two people engaging in a voluntary exchange of goods and services.
I'm not 100% sure about the "laws are created by politicians" bit, either, seeing as most politicians scarcely even read most legislation, much less understand it. Although I suppose you did qualify that as the way things should work.
- emil0r 16y agoI think it would be more accurate to say the market is regulated by laws. "laws are created by politicians" probably differs between countries. I wonder which is worse, politicians that don't really care about what they sign or politicians that do care. An incompetent politician that do care is a frightening combination.
- zupatol 16y agoMarkets can't work without property rights. If people agree on property rights, they have implicitly created a law.