Smith Hayek

Tag: regulation

  • Unregulated by Government is Still Well Regulated

    —

    by

    Jeff
    in ,

    Steven Horwitz has a post on the FreemanOnline that is just excellent. It makes the point that a market unregulated by the government is not necessarily an \”unregulated market\” in the sense that nothing governs how it behaves. Rather a market unregulated by the government will then be regulated by the rules of supply and…