The validity of Say’s Law stands as the gatekeeper of economic freedom and prosperity. Without it, economic fallacies justify state force, which is multiplied in the name of public salvation.
Tag Archives: prices
Treat Prices and Profits with Reverence
Fixing any price by legislative decree is similar to pretending that a certain chemical result must remain the same even when the complex chemical process is altered. By contriving the end-result and wishing into existence a pseudo-reality, we restrict society from adapting successfully to an ever-dynamic world, and we unknowingly tamper with infinite complexity, leading […]