April 21, 2003

Hayek lives!

TCS has a great, brief column on the benefits of market economics. Pete Geddes discusses markets springing up in POW camps, along strained supply lines, (anywhere there is scarcity, I hear Thomas Sowell saying...)
"No system equals the market in maximizing the conjunction of liberty and prosperity. To understand the value of markets we must recognize them as a natural process, not a political construct. They are mechanisms by which people can, without coercion, communicate and coordinate their actions."
Read it. Mail it to your friends. Let Freedom Ring.

Posted by jk at April 21, 2003 02:25 PM
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