> > At this point I think "free market" is mostly a term of propaganda.
> No, it is an economics term describing a type of market.
It's both; it's an economics term describing an idealized abstraction which does not (and arguably cannot) exist in the real world, and a propaganda term applied to real markets which, without exception, diverge radically from the idealized abstraction.
> No, it is an economics term describing a type of market.
It's both; it's an economics term describing an idealized abstraction which does not (and arguably cannot) exist in the real world, and a propaganda term applied to real markets which, without exception, diverge radically from the idealized abstraction.