Free markets are regulated

posted by
May 26, 2011
Foundation for Economic Education
by Steven Horwitz  
Posted in Commentary

"The language of 'unregulated' or 'deregulated' markets makes it difficult to talk about order without design because those very words seem to suggest that there is no order to the marketplace. A 'regulated market' in contrast sounds orderly. I think we can get around this problem by arguing that free markets are in fact highly regulated and that government-'regulated' markets often lack any meaningful regulation." (05/26/11)  


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