Economics Is Inevitably A Moral Science, Ctd.

Suppose I said that the important thing in politics is to have elections, sure, but only elections which, as a result of political manipulation of the media by the state, induce people to vote in ways they would prefer not to, because the experts controlling the process know better than they do what’s good for them. Not too different from saying that the important thing in economics is to have markets, sure, but only markets which, as a result of economic manipulation of the medium of exchange by the state, induce people to buy and sell in ways they would prefer not to, because the experts controlling the process know better than they do what’s good for them.

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