tag:blogger.com,1999:blog-16201378.post2047303170232583283..comments2023-12-28T18:17:11.191-05:00Comments on Gruntled Center: The Economy is a Good Servant But a Bad MasterGruntledhttp://www.blogger.com/profile/14377809238377382438noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-16201378.post-76771636573878339192015-10-05T22:40:14.636-04:002015-10-05T22:40:14.636-04:00Yes, the regulation of the market is a task of all...Yes, the regulation of the market is a task of all the institutions of society, not just the government.Gruntledhttps://www.blogger.com/profile/14864860607925412103noreply@blogger.comtag:blogger.com,1999:blog-16201378.post-78767948806678295692015-10-05T22:20:01.298-04:002015-10-05T22:20:01.298-04:00Kruse Kronicle has noted several times through the...Kruse Kronicle has noted several times through the years that there is a difference between a free market economy and a free market society. He advocates for the former not the latter. ceemacnoreply@blogger.comtag:blogger.com,1999:blog-16201378.post-10793266805359347382015-10-04T15:21:19.606-04:002015-10-04T15:21:19.606-04:00Most thinking analysts would agree that free marke...Most thinking analysts would agree that free markets have been the best growth vehicles in the long history of the world, and that they have lifted many millions from extreme proverty. However totally free markets without a moral compass and the assist of government regulations to promote the common good lead to situations such as that of the cheating on emissions texts by VW, the sale of posison and fouled food and drugs, and the 5000% rise of a decades old parasitic drug price by hedge fund CEo Martin Shkreli after he obtained the companyBarrynoreply@blogger.comtag:blogger.com,1999:blog-16201378.post-81274625548915202042015-10-03T22:24:20.114-04:002015-10-03T22:24:20.114-04:00"The economy exists to serve the needs and wa..."The economy exists to serve the needs and wants of everyone."<br />I would say that the economy is the intersection of products/services, needs and wants, and abilities of everyone. It does not "exist to serve" it exists because of there are things to be exchanged.<br /><br />State regulation of economies, as you describe, has a very poor track record.<br />https://en.wikipedia.org/wiki/List_of_socialist_states<br /><br />ChuckCharles Martelnoreply@blogger.comtag:blogger.com,1999:blog-16201378.post-74799626052717388122015-10-02T17:19:20.459-04:002015-10-02T17:19:20.459-04:00A government-controlled economy surely worked well...A government-controlled economy surely worked well in the Soviet Union, eh?<br />Machttps://www.blogger.com/profile/02067844122370343813noreply@blogger.com