This article is based on chapter 8 of my book Do Not Consent: Think OUTSIDE the Voting Booth, 2020 If someone asked you to define “free market,” could you? Could you do it on the spot without recourse to dictionaries or other crutches? The term “laissez-faire economy” might do as a first response. But what does it mean? In Capitalism: The Unknown Ideal Ayn Rand explains: Based on a column in the Los Angeles Times, August 1962. Colbert, chief adviser of Louis XIV, was one of the early modern statists. He believed that government regulations can create national prosperity and … Continue reading
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