Comments on: The Left Does Not Understand What Free Markets Are

By: Kelvin93

Kelvin93 — Thu, 22 Oct 2009 18:50:34 +0000

While on the topic of e-mail, I am finding that students don't check their e-mail with enough regularity to deal with more urgent matters. ,

By: The Real Danger of World Government « Conservative Thoughts and Profundity

The Real Danger of World Government « Conservative Thoughts and Profundity — Fri, 12 Dec 2008 02:52:36 +0000

[...] is the same kind of corruption and rent-seeking we’ve been seeing back here at home, with Fannie Mae and Freddie Mac, and in other areas of government. Extensive government reach into markets is what causes crashes [...]

By: Martha Bridegam, San

Martha Bridegam, San — Sun, 27 Jul 2008 03:24:53 +0000

My point is precisely that "economics does not deal in morality." And therefore that it takes political and civic institutions to impose moral restraint on economic processes.

Don't be mixing the normative with the descriptive here. Just because unrestrained economic processes are naturally amoral doesn't mean they should be allowed to destroy human lives.

By: Bill Ross, Ottawa, C

Bill Ross, Ottawa, C — Wed, 18 Jun 2008 14:51:37 +0000

explained: economic system espouses any kind of morality.

Life is time and energy. To achieve any goal (including economic) there are only three choices force, fraud or honest mutually agreed trade. Property is a measure of your previously achieved goals, which took you time and energy (life) to achieve. Any economic system which does not acknowledge or acts against your absolute right to keep the fruits of your labors except by honest trade is by definition usage of force or fraud to steal a portion of your life. It is morally equivalent to murder of whatever portion of your life it took to earn whatever is forcefully stolen or defrauded. Weighing the difference between murder and right to life is, without dispute, a moral argument, as is economics which is really about who gets what and rationalizations for why it must be so. Currently, the rationalization is "might is right".

By: Freedom, Tampa FL US

Freedom, Tampa FL US — Wed, 18 Jun 2008 10:50:18 +0000

Apparently Martha does not understand that economics does not deal in morality.

Morality is an issue for human studies such as ethics and philosophy. Economics can never be morale as, if treated as what it is, a mathematical science, then it by definition cannot contain morality.

The morality lies in how a particular economic system is used.

I would love to see you try to explain how any economic system espouses any kind of morality.

By: Bill Ross, Ottawa, C

Bill Ross, Ottawa, C — Wed, 18 Jun 2008 07:02:21 +0000

And neither do most understand free markets and the absolute necessity of freedom for personal and civilization's survival. Basic Economics (why civilizations collapse): http://www.nazisociopaths.org/modules/article/vie... The suppressed solution our ancestors fought and died for: http://www.nazisociopaths.org/modules/article/vie... The real game. Wake up or perish: http://www.nazisociopaths.org/modules/article/vie... Ignorant bliss OR fight? Red or Blue pill? You choose for you, but not for me.

By: Martha Bridegam, San

Martha Bridegam, San — Fri, 13 Jun 2008 16:41:43 +0000

The neoliberal right does not understand that free markets are amoral.

By: Trader, New York

Trader, New York — Fri, 13 Jun 2008 15:50:17 +0000

Let's return to the good old times before all of this bothersome market regulation! Who among us doesn't hanker for the halcyon times of the Panic of 1819, the Panic of 1837, the Panic of 1857, the Panic of 1873, the Panic of 1884, the Panic of 1890, the Panic of 1893, the Panic of 1907, and the Great Depression. Those were the days!