I completely reject your red-baiting witch-hunt assuming I'm a socialist because essentially all of mainstream modern economics have been calling the austrians out on their bullshit for almost 20 years now.
The ideal "free market" requires an insane level of planning.
Perfect knowledge. Perfect competition, no friction to switch loyalties, oversight of m&a to avoid the different classes of -opolies. Securing those rights are insanely complicated.
It's extremely bureaucratic and has vast overhead costs. Regulatory bodies, thousands of pages of rules, committees, it's insanely mind bogglingly planned.
That's why you need certified specialists to do anything in free market societies.
It's planned but this planning is not based on reality which is why everything keeps going crazy all the time.
The free market is a purely dogmatic ideological project, not based on any actual material evidence.
So I totally reject that bogus Hoover institute style premise.
These theoreticians set up a fraudulent spilt that doesn't exist, then states a false thing about them, and says 'ho take that'.
It's like someone trying to prove things with astrology charts. There's an internal logic to it but that actually doesn't matter because it's all disconnected fakery to begin with.
Nobody is talking about your "ideal free market". I saw you mention it on another threads and let me make this clear: we are only talking about the regular, imperfect, free market. Free as in free of government interference, not some other ideal. Free as in everybody is free to participate.
And its not binary, either. You can have it completely free, freer, free-ish, all the way to lightly regulated, heavily regulated, planned and completely locked down.
Finally, I am not talking from economists' perspective, but from that of the regular guy on the street who is just able to see policies and their result. But my conclusion is extremely simple: the freer the market is the better everybody (other than profiteers, bureaucrats and politicians) is.
The ideal "free market" requires an insane level of planning.
Perfect knowledge. Perfect competition, no friction to switch loyalties, oversight of m&a to avoid the different classes of -opolies. Securing those rights are insanely complicated.
It's extremely bureaucratic and has vast overhead costs. Regulatory bodies, thousands of pages of rules, committees, it's insanely mind bogglingly planned.
That's why you need certified specialists to do anything in free market societies.
It's planned but this planning is not based on reality which is why everything keeps going crazy all the time.
The free market is a purely dogmatic ideological project, not based on any actual material evidence.
So I totally reject that bogus Hoover institute style premise.
These theoreticians set up a fraudulent spilt that doesn't exist, then states a false thing about them, and says 'ho take that'.
It's like someone trying to prove things with astrology charts. There's an internal logic to it but that actually doesn't matter because it's all disconnected fakery to begin with.