Posted 1 year ago on April 17, 2013, 6:24 p.m. EST by ZenDogTroll
from South Burlington, VT
This content is user submitted and not an official statement
There is no such thing. Let me repeat, in case you missed this very fundamental economic fact:
FREE MARKETS DO NOT EXIST
I know that will come as a shock to many of you. If you are among that crowd who insists we simply must have free markets, I know your knees must be weak and your stomach's turning. Please, do sit down, still your senses, and attempt to absorb this one fact:
There are NO FREE MARKETS
It is a pipe dream, or as Investopedia explains:
free market is a term used to describe a political or ideological viewpoint on policy and is not a field within economics.
Why is this so? and How do we KNOW this is so?