What is the free market

Free market means that the State interferes in the market in a way to empower certain people and behaviors and restricts or punishes other, that is the State acts as an authority. Specifically it means empowering entrepreneurs and licit voluntary transactions, coercively enforcing contracts, and punishing coercive or illicit transactions. That is the State authoritatively establishes some ordering of goods.

Minimizing government interference in the markets means that the state interferes in the markets and coercively enforces a preferable set of goods. That is the State authoritatively acts in its jurisdiction in proportion to its power.

Otherwise, free market and limited government are nonsense.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s