Home › Forums › Discuss Austrian Economics, Step by Step › Has there ever been a true free market?
I often hear the liberal talking point “there is no free market and there never has been, with the exception of maybe Somalia”(Sam Seder, Cenk Uyger). I was wondering if that was true, or just more liberal propaganda?
The free market exists in every voluntary exchange of private property. It has been, is now, and will continue to be the source of the world’s prosperity.
There are several Economic Freedom Indexes that have established a positive correlation between the extent of economic freedom and measures of prosperity across scores of countries.
There have been economies nearly free of state activity: some of the American colonies, some areas of medieval Europe, and so on.
Thank you so much! Rothbard’s Conceived in Liberty is on my reading list.
Here is an interesting article on today’s Mises Daily that is somewhat on point…http://www.mises.org/daily/6145/Anarchy-in-the-Aachen
Thanks for the article Michael!
Sam and Cenk should google “Somalia better off stateless.” Then you would have the pleasure of watching liberal heads spin in befuddlement.