Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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TimF

To: Wharf Rat who wrote (921129)	2/15/2016 12:20:58 AM
From: i-node	1 Recommendation Read Replies (1) of 1574823

>> Free markets are ancient history. We're in the age of the well- regulated free market. Well-regulated markets are, by definition, not "free". But you missed the point. If there is regulation sufficient to materially affect the market, it is not free. If there are a sufficient number of regulated markets, then an economy ceases to be a "free market economy." Since a free market economy is a precondition for freedom, generally, each increment in regulation of an economic system moves the political system closer to socialism or other less desirable forms. It is a very rare occasion in which bureaucratic regulation can approach the efficiency and performance of a free market. In fact, even in those instances where regulation is called for, markets will usually operate suboptimally as a result of the regulation. Sometimes it is a necessary evil but there is a downside.

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