2 ms·
Sorry. I agree with all of that. I took your sentence as the opposite. And so was making the extreme point on totally free markets are chaos that would allow f
by FrustratedMonky 2y ago
Sorry. I agree with all of that.
I took your sentence as the opposite. And so was making the extreme point on totally free markets are chaos that would allow fraud.
Perhaps I'm too sensitive to the 'right' narrative that government is evil and markets should be 'free' of regulation or laws. So now when someone starts talking free-market, I assume they are in that group.
There are groups, sometimes libertarians, that argue all regulation is bad, for example, if I buy the "Grape Jelly" and it is water, then the 'Free' Market will self correct by people not buying your "Grape Jelly" and you would go out of business.
I agree, laws and regulations are needed for a market to work. Was just pushing back on the group that thinks even that is not 'free' enough.