View Single Post
  #21 (permalink)  
Old 05-20-2007, 09:53 PM
armourbearer's Avatar
armourbearer armourbearer is offline.
Moderator
 
Join Date: Jun 2006
Location: Rockhampton, Queensland, Australia
Posts: 4,796
Thanks: 577
Thanked 2,180 Times in 863 Posts
Quote:
Originally Posted by ChristianTrader View Post
The fastest way of getting rid of shortages is by the bare free market.
I think the feudal system shows otherwise. And they at least had the advantage that more children increases productivity, enabling lower classes to earn more from rented lands and perhaps rise to the status of a landed proprietor. That possibility no longer exists. Once the shortage is created it becomes almost irremedial. As stated earlier, it was easy to hold out the ideal of a free market in a developing country -- and the US had much opportunity for development. But now that natural restraints are put on the development they are closer now to the European situation in the 19th century, and they will find it is impossible to practically and ethically realise the ideal.
__________________
Yours sincerely,


"Illum oportet crescere me autem minui."