More Bad News for the Regulatorbots
Nobody asked but …
Sanford Ikeda deflates 18 of the anti-free-market balloons, here, here, and here.
Here are some of the falsehoods he addresses:
- The free market creates scarcity and higher prices
- The free market encourages racism, homophobia, and other types of bigotry
- The free market is pro-war
- The free market is always efficient
- The free market is “dog eat dog,” encouraging people to cheat and steal from one another with impunity
- The free market promotes monopoly
- The free market discourages charity and sympathy
- The free market must be regulated
- innovation in a free market causes chronic unemployment
… and nine more falsehoods.
These are all examples of factual and analytical misinformation. They almost all contain logic fallacies as well. The former is a content problem, while the latter is a structure problem. Be sure to see also the series from my alter ego, Verbal Vol, on logic fallacies.
Kilgore