[sdduuuude]

[quote=XBoxBoy]But you’re still suggesting that regulation should come from the government?[/quote]

Yes. That is what separates anarchy from a “free market.”

Some feel anarchy can develop into a free-market, with a non-government entity enforcing property rights. That’s a bit “out there” for me.

[quote=XBoxBoy]If so, how do you control the corruption of the government by interests that want to regulate based on what’s in their interests?[/quote]

Voting provides some “free market” values to government, which is a good thing, but if 51% of the population votes that the other 49% should each give them half of their salary, we got problems.

In the US, the only hope lies in the balance of power, which is a pretty good idea.

Eventually, someone has to bring up acts of Congress to the Supreme Court, which has to declare that “Congress can’t do x, y, and z”

Can the Supreme Court bring down the Federal Reserve, I wonder? I don’t know.

[sdduuuude]

[quote=XBoxBoy]But you’re still suggesting that regulation should come from the government?[/quote]

Yes. That is what separates anarchy from a “free market.”

Some feel anarchy can develop into a free-market, with a non-government entity enforcing property rights. That’s a bit “out there” for me.

[quote=XBoxBoy]If so, how do you control the corruption of the government by interests that want to regulate based on what’s in their interests?[/quote]

Voting provides some “free market” values to government, which is a good thing, but if 51% of the population votes that the other 49% should each give them half of their salary, we got problems.

In the US, the only hope lies in the balance of power, which is a pretty good idea.

Eventually, someone has to bring up acts of Congress to the Supreme Court, which has to declare that “Congress can’t do x, y, and z”

Can the Supreme Court bring down the Federal Reserve, I wonder? I don’t know.

[sdduuuude]

[quote=XBoxBoy]But you’re still suggesting that regulation should come from the government?[/quote]

Yes. That is what separates anarchy from a “free market.”

Some feel anarchy can develop into a free-market, with a non-government entity enforcing property rights. That’s a bit “out there” for me.

[quote=XBoxBoy]If so, how do you control the corruption of the government by interests that want to regulate based on what’s in their interests?[/quote]

Voting provides some “free market” values to government, which is a good thing, but if 51% of the population votes that the other 49% should each give them half of their salary, we got problems.

In the US, the only hope lies in the balance of power, which is a pretty good idea.

Eventually, someone has to bring up acts of Congress to the Supreme Court, which has to declare that “Congress can’t do x, y, and z”

Can the Supreme Court bring down the Federal Reserve, I wonder? I don’t know.

[sdduuuude]

[quote=XBoxBoy]But you’re still suggesting that regulation should come from the government?[/quote]

Yes. That is what separates anarchy from a “free market.”

Some feel anarchy can develop into a free-market, with a non-government entity enforcing property rights. That’s a bit “out there” for me.

[quote=XBoxBoy]If so, how do you control the corruption of the government by interests that want to regulate based on what’s in their interests?[/quote]

Voting provides some “free market” values to government, which is a good thing, but if 51% of the population votes that the other 49% should each give them half of their salary, we got problems.

In the US, the only hope lies in the balance of power, which is a pretty good idea.

Eventually, someone has to bring up acts of Congress to the Supreme Court, which has to declare that “Congress can’t do x, y, and z”

Can the Supreme Court bring down the Federal Reserve, I wonder? I don’t know.

[sdduuuude]

Great. CDMA ENG is going to be surfing porn on the bus now, with the whole business projected on the back of a seat – or worse, on some girl’s chest.

[sdduuuude]

Great. CDMA ENG is going to be surfing porn on the bus now, with the whole business projected on the back of a seat – or worse, on some girl’s chest.

[sdduuuude]

Great. CDMA ENG is going to be surfing porn on the bus now, with the whole business projected on the back of a seat – or worse, on some girl’s chest.

[sdduuuude]

Great. CDMA ENG is going to be surfing porn on the bus now, with the whole business projected on the back of a seat – or worse, on some girl’s chest.

[sdduuuude]

Great. CDMA ENG is going to be surfing porn on the bus now, with the whole business projected on the back of a seat – or worse, on some girl’s chest.

[sdduuuude]

Arraya –

A “free market” is not a market where everyone is “free” to do whatever they want.

A “free market” is where all participants are “free” from personal and property rights violations by others.

Clearly, to do this, regulation is needed.

[quote=Arraya]There is no such things as a “free market”

Government intervention is taking place at all times and everywhere. Laws of property, contract, and tort are state creations that allocate certain rights to some people and deny them to others.[/quote]

Yes, and no. They are state creations, but the existence of property, contract, tort actually make a market free if they protect everyone’s rights in the same manner.

They don’t really “allocate” rights, they define which rights are protected and they regulate transactions and ownership, not outcomes.

[sdduuuude]

Arraya –

A “free market” is not a market where everyone is “free” to do whatever they want.

A “free market” is where all participants are “free” from personal and property rights violations by others.

Clearly, to do this, regulation is needed.

[quote=Arraya]There is no such things as a “free market”

Government intervention is taking place at all times and everywhere. Laws of property, contract, and tort are state creations that allocate certain rights to some people and deny them to others.[/quote]

Yes, and no. They are state creations, but the existence of property, contract, tort actually make a market free if they protect everyone’s rights in the same manner.

They don’t really “allocate” rights, they define which rights are protected and they regulate transactions and ownership, not outcomes.

[sdduuuude]

Arraya –

A “free market” is not a market where everyone is “free” to do whatever they want.

A “free market” is where all participants are “free” from personal and property rights violations by others.

Clearly, to do this, regulation is needed.

[quote=Arraya]There is no such things as a “free market”

Government intervention is taking place at all times and everywhere. Laws of property, contract, and tort are state creations that allocate certain rights to some people and deny them to others.[/quote]

Yes, and no. They are state creations, but the existence of property, contract, tort actually make a market free if they protect everyone’s rights in the same manner.

They don’t really “allocate” rights, they define which rights are protected and they regulate transactions and ownership, not outcomes.

[sdduuuude]

Arraya –

A “free market” is not a market where everyone is “free” to do whatever they want.

A “free market” is where all participants are “free” from personal and property rights violations by others.

Clearly, to do this, regulation is needed.

[quote=Arraya]There is no such things as a “free market”

Government intervention is taking place at all times and everywhere. Laws of property, contract, and tort are state creations that allocate certain rights to some people and deny them to others.[/quote]

Yes, and no. They are state creations, but the existence of property, contract, tort actually make a market free if they protect everyone’s rights in the same manner.

They don’t really “allocate” rights, they define which rights are protected and they regulate transactions and ownership, not outcomes.

[sdduuuude]

Arraya –

A “free market” is not a market where everyone is “free” to do whatever they want.

A “free market” is where all participants are “free” from personal and property rights violations by others.

Clearly, to do this, regulation is needed.

[quote=Arraya]There is no such things as a “free market”

Government intervention is taking place at all times and everywhere. Laws of property, contract, and tort are state creations that allocate certain rights to some people and deny them to others.[/quote]

Yes, and no. They are state creations, but the existence of property, contract, tort actually make a market free if they protect everyone’s rights in the same manner.

They don’t really “allocate” rights, they define which rights are protected and they regulate transactions and ownership, not outcomes.

[sdduuuude]

[quote=XBoxBoy]But while I’m losing my taste for libertarianism, I’m totally baffled as to how to best regulate markets.[/quote]

I suggest they are best regulated based on protecting people’s rights, rather than regulating based on attempts at achieving certain economic or political outcomes.

The declaration of independence says we have the right to “the pursuit of happiness” not “happiness”

Take, for example, the housing market. All the regulation/bailouts are designed to “keep people in their homes” or to “prop-up the housing market” or to prevent banks from going under. Nothing is really focused on eliminating the fraud, particularly that by the ratings agencies who defrauded millions of buyers of “AAA” rated securities.

Regulating to outcomes instead of regulating to protect rights is killing this country.

[Author]

Posts