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I didn't introduce the notion of freedom. You introduced the notion of command economy which implies a lack of freedom. A command economy, or more commonly a
by lottin 5y ago
I didn't introduce the notion of freedom. You introduced the notion of command economy which implies a lack of freedom. A command economy, or more commonly a planned economy, is an economic system in which a central planner decides what to produce and in what amounts, as opposed to a market economy, where such decisions are made by the producers themselves according to their own judgement. A market economy is not incompatible with the public provision of certain goods and services. In fact, most governments provide policing, armed forces, education and health services, and currency. None of that implies that the economy is a command economy. Nor is it necessarily the case that such public provision of goods leads to sub-optimal results.
- notch656a 5y agoI never meant to imply the entire economy is a command economy. I am stating there is a command economy for currency (and parallels in some other nations), and that weaknesses in that economy on which the greater economy may depend can create subpar results in other markets as well as the market for currency itself.