sábado, outubro 19, 2013

Free the Markets

To Save Europe, Free the Markets por Frank Hollenbeck:
People love freedom for themselves, but fear freedom for others. Planners fear that free markets would lead to anarchy ..

The planners fear it, but anarchy is a term that could be used to describe the impossibility of determining exactly how preferences will change over time. Yet, a free market will ensure the least amount of anarchy since price and profits are the best way to have resources channeled to produce the goods and services that society most urgently needs. No government planner can compete with the resource allocation efficiency of a market system.

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