Another potential flaw in current economic theory... (fwd)

[Jim Choate]

Forwarded message:

> Date: Thu, 08 Oct 1998 21:13:04 -0700
> From: Bill Stewart <bill.stewart at pobox.com>
> Subject: Re: Another potential flaw in current economic theory... (fwd)

> Choate, who's never tried large-scale free markets, says that

Actualy it's how I make my living, supporting those large scale markets (I
won't argue the free part).

> free markets don't work, and lead inevitably to monopoly,
> and therefore we ought to use governments monopolies on force to prevent

Where do I *ever* say we need 'government' monopolies. Not once, not ever.
I have said, and stand by it now, that what is needed is an *impartial* 3rd
party. That does *NOT* equate to 'the government'.

What is important to my thesis is that the regulator is impartial.


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