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There is no such thing as a free market really. All markets are created by governments, and all currency is created by governments through the imposition of tax
by dools 4y ago
There is no such thing as a free market really. All markets are created by governments, and all currency is created by governments through the imposition of taxes.
Within this framework some prices are allowed to fluctuate but the price level is set generally when the government spends and all other prices derive from that.
Governments also influence pricing through financial and corporate regulation. It’s obviously a terrible idea for a government to attempt to decide how all of society’s resources should be allocated and to designate prices for each and every item or service that might be produced, but it’s just as bad of an idea to think that the “free market” can govern itself.