This is Ligonier's friendly neighborhood blog and an attempt to recapture our lively opinionated debates in a free speech zone.

Please join our conversations. Contributors welcome.


claysh@gmail.com

Monday, March 3, 2014

LIBERTY - understanding how a market works

Markets are what results when people are free to choose how to associate with one another in the absence of coercion. The only “dictatorship” is the restriction that such arrangements be voluntary. That clearly advances human purposes—those of each individual involved in an exchange. It is surely an odd sort of dictatorship that consists in people not dictating choice to others.



Read more: http://www.fee.org/the_freeman/detail/papal-indulgences-and-impersonal-markets#ixzz2uupRPhAB