Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (207535)	12/6/2001 10:06:40 AM
From: Neocon	Read Replies (2) \| Respond to of 769670

I am not a libertarian, and have argued for a reasonable degree of regulation. But there is still plenty of regulation in the system, probably too much. In any event, the economy is not, per se, a common resource, although there is a community interest in its general health. The economy is a summary of a number of market transactions, most of them between private individuals reaping the fruit of their labor, or investment, or invention, or whatever. The primary way we maximize the economy is through a relatively free market, because decentralized decision-making is intrinsic to the success of markets; because the assignment of ownership also means the assignment of responsibility for the property, rather than letting it lay unattended; because people will exert themselves for themselves and their families more vigorously than for some vague commons; and because it is just for people to be able to accumulate through their effort, including being able to assign their property as a gift.