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I clicked the first link, which argues that free markets are bad because central banking has failed. Central banking does not exist in a free market. Of course
by hellojesus 4y ago
I clicked the first link, which argues that free markets are bad because central banking has failed.
Central banking does not exist in a free market. Of course it will fail. Free markets are designed precisely to avoid the inevitable failure of a central authority.
- dragonwriter 4y ago> I clicked the first link, which argues that free markets are bad because central banking has failed. You may have clicked on it, but I don’t see how you got that message from it. It argues that free markets are good, and that problems attributed to “market failure” are instead failures of other things (like central banking) that are not features of free markets. (All of the other pieces argue variations on the same thing; its plays a central role in the Mises Institute’s economic dogma.)
- hellojesus 4y agoThanks. I skimmed through it and saw the core ideas. I thought your original comment was sarcasm. My bad.