RANT: A truly free market requires no license!

http://blogs.wsj.com/economics/2010/04/22/obama-to-scold-wall-street-in-cooper-union-speech/?mod=djemalertNEWS

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“A free market was never meant to be a free license to take whatever you can get, however you can get it,” President Obama will say, according to speech excerpts.

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One thing about OBH44, his speeches are a hoot!

A truly free market requires no license!

It’s a meeting of the minds of two sovereign individuals who agree to an exchange that benefits both of them. (If there was no mutual benefit, why would they do it!)

It requires no Gooferment intervention. Ever!

Force prevention (i.e., physical security) is RESPONSIBILITY of the parties involved. They will probably subcontract that responsibility to who ever rents the space for the exchange to them.

Fraud prevention (i.e., some one breaches the contract) is handled by the marketplace by reputation. Break your word and no one will do business with you.

SO why is a Gooferment bureaucrat (albeit the Head Bureaucrat) trying to mislead us into thinking that some type of “license” is required. At least the highwaymen of olden days just robbed us of our wealth, they didn’t try to confuse us as well!

Argh!

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footnote: I was so argh-ravative by this story that I broke my regular publishing schedule to bring this online. One man’s rant in the blog forest. I doubt anyone will notice. Arghhhhh!

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