Arguments Against Markets

Source: American Institute for Economic Research
by Donald J Boudreaux

“As I understand reality — and, I’m sure, as most friends of AIER understand reality – the material and ethical benefits of free markets are so obvious and overwhelming that I can’t easily get my head around the enthusiasm that many people have for active government intervention into market processes. But I also understand this other piece of reality: my confidence in free markets, along with my leeriness of government intervention, puts me in a relatively tiny minority. Those of us who want to keep government small and strictly limited — and, hence, who want individuals to have very wide latitude to make whatever peaceful choices they wish in markets — are far outnumbered by individuals who distrust markets to deliver enough of the goods to enough of the people.” (06/26/24)