• spaceghoti
    +3

    I'll grant you that. But people keep insisting that we must put them into positive practice, as if it's some kind of moral imperative. And every time we start down that path, a lot of people start getting hurt. I'm pretty sure this is what Joe refers to when he describes the "Free Market Fairy."

    • junioreconomist
      +3

      Oh, I'm with you, there. But it is wrong to say there's no scientific evidence to support any of their claims. Also, there are many contributing factors, like the business cycle, to consider. There are, however, a few practices that we know to promote growth--like globalization and free trade.

      • spaceghoti
        +3

        I'm not overly enthusiastic about "scientific evidence" on the topic. I'm talking about practical results. Until free market fairy advocates can show me practical results of a fair and stable society that follows their predictions, I'm not going to take them seriously.

      • junioreconomist
        +2
        @spaceghoti -

        Well, that's where you differ. Free market folk seem to look for liberty and prosperity in key outcomes rather than equality.