Smith Hayek

Tag: markets

  • Unregulated by Government is Still Well Regulated

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    by

    Jeff
    in ,

    Steven Horwitz has a post on the FreemanOnline that is just excellent. It makes the point that a market unregulated by the government is not necessarily an \”unregulated market\” in the sense that nothing governs how it behaves. Rather a market unregulated by the government will then be regulated by the rules of supply and…