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To: d:oug who wrote (46897)1/8/2000 10:42:00 PM
From: long-gone  Read Replies (1) | Respond to of 116756
 
A very good read worthy of thought:
Unfettered Powerful Extremes
by Donald J. Boudreaux

Donald J. Boudreaux is president of FEE.
Over the years, intelligent and well-meaning opponents of private property and free markets have offered thoughtful and articulate arguments in support of government intervention. None of these arguments have withstood close scrutiny, but at least they were offered in the spirit of honest debate. Such arguments, even though deeply flawed, never infuriate me. Not so with a far-more-common mode of criticizing the market, namely, tossing out slogans. Three of these anti-free-market slogans are particularly galling.

Is Capitalism "Unfettered"?

The first is "unfettered capitalism" (or "unfettered free markets"). Opponents of laissez faire love this one because it so obviously describes an economic system that no reasonable person endorses.
(cont)
fee.org