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Leonard Read on Liberty vs. Utopia

September 27, 2013 in Economics

By Mises Updates


Writes Gary Galles in Wednesday’s Mises Daily:

Read saw that liberty’s defenders must face the fact that markets are amoral servants which enable people to do whatever they want better. They cannot be relied upon with certainty to only do good and inspirational things. But whenever they enable doing ill, they only reflect the desires individuals have. If we reformed ourselves, markets could do no harm. In contrast, coercively “reforming” ourselves by law does not eliminate the cause of such harm and so does little to actually stop it. Moreover, the restrictions on markets adopted in the process throw out the amoral servant that allows us to accomplish greater good than achievable via any other known means.

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