It isn't that The Market Can Do No Wrong, but that the Government Can Only Do Wrong
This is the same belief. If government intervention always makes things worse, that means the market is perfect. The thing is, the government is part of the market, you can't separate the two. Private entities enforce their will through government. You define the market as something completely separate from the government; a market is something that functions within a legal framework of society.
You're making meaningless distinctions.
Yes, the free market can be wrong, but it will correct.
These words conflict. Right/wrong and correct/incorrect are synonyms. You just agreed with my assessment of libertarians.
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Re: Note to the economically ignorant:
Date: 1/10/11 21:14 (UTC)This is the same belief. If government intervention always makes things worse, that means the market is perfect. The thing is, the government is part of the market, you can't separate the two. Private entities enforce their will through government. You define the market as something completely separate from the government; a market is something that functions within a legal framework of society.
You're making meaningless distinctions.
Yes, the free market can be wrong, but it will correct.
These words conflict. Right/wrong and correct/incorrect are synonyms. You just agreed with my assessment of libertarians.