5 ms·

well free markets meant something very different in adam smith's time; what they meant by free was 'free from rents' whereas today its usually mean in the milto

• yunnpp 3mo ago
  It's not free from interference either. It requires enforcing antitrust, for example, which the US seems to have forgotten. Literally what you quoted: > the term free market refers to a market free from all forms of economic privilege, monopolies and artificial scarcities.
  • andrekandre 3mo ago
    yep, to keep them "free" you have to "interefere" with them as an aide, the overloading of the term free is really annoying because it muddles things so much...
• einpoklum 3mo ago
  D: "I want to be free" by Milton Schulman. H: Milton Friedman. D: Why are they all called Milton? Anyway, I've only got as far as Milton Keynes. H: Maynard Keynes. D: I'm sure there's a Milton Keynes. H: Yes, there is, but it's... [appears quite miffed] https://www.youtube.com/watch?v=KgUemV4brDU https://www.youtube.com/watch?v=KgUemV4brDU
  • wasfgwp 3mo ago
    https://en.wikipedia.org/wiki/Milton_Keynes https://en.wikipedia.org/wiki/Milton_Keynes Coincidentally it’s where the British version of the Office is set
  • deleted 3mo ago
    [deleted]
• wasfgwp 3mo ago
  > free from any interference That’s even less true in the US these days, though