The True Test Of Any

Most Economic Fallacies Derive From The Tendency To Assume That There Is A Fixed Pie, That One Party Can Gain Only At The Expense Of Another.

The Most Unresolved Problem Of The Day Is Precisely The Problem That Concerned The Founders Of This Nation: How To Limit The Scope And Power Of Government. Tyranny, Restrictions On Human Freedom, Come Primarily From Governmental Restrictions That We Ourselves Have Set Up.

Since The 1930s The Technique Of Buying Votes With The Voters' Own Money Has Been Expanded To An Extent Undreamed Of By Earlier Politicians.

. . I Think The Adam Smith Role Was Played In This Cycle I.e. The Late Twentieth Century Collapse Of Socialism In Which The Idea Of Free-markets Succeeded First, And Then Special Events Catalyzed A Complete Change Of Socio-political Policy In Countries Around The World By Friedrich Hayek's The Road To Serfdom.

The Argument For The Free Market Is A Complicated And Sophisticated One And Depends On Demonstration Of Secondary Effects. I Have Confidence Market Efficiency Will Win Out.