sgt_zim
AH legend
- Joined
- Mar 26, 2017
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- South Africa, Idaho, Texas, Louisiana
@Pheroze - we are all dependent on the creativity and industry of others. but creativity and industry ultimately rely on efficient free exchange to mutual benefit. The most glaring example of this truism is to compare the old Eastern Bloc to the west. In the Eastern Bloc, people stood in line and waited to buy bread. In the west, we have bread in the stores waiting for us. Why did they stand in line, waiting for bread? There was no incentive to anyone to be creative or industrious or thrifty.
regulation will *always* make that free exchange less efficient, less economical because it injects something into the exchange neither party to it would have ever voluntarily undertaken.
regulation will *always* make that free exchange less efficient, less economical because it injects something into the exchange neither party to it would have ever voluntarily undertaken.