Wednesday, July 11, 2012

Rothbard: The Free Market

"...the free market is a society in which all exchange voluntarily. It may most easily be conceived as a situation in which no one aggresses against person or property."
- Murray Rothbard, POWER AND THE MARKET


  1. This comment has been removed by the author.

  2. A "free market" is only possible under conditions entirely absent the aggression against persons or property. To the extent that any market is "regulated" it is no longer free; to the extend that any transaction is "taxed" it is no longer free; a free market may only occur under conditions by which the parties involved voluntarily and consensually agree to trade/exchange and where no other third parties provide any interference. The closest thing to a "free market" in modern economies, are the grey and black markets; but even in these cases, voluntary transactions are affected by their aggressive suppression.