Apr 05, 2013
The Free market is the best system to allocate resources, because it uses tens of thousands of minds, each evaluating the value of the use of their money. ... If the Government demanded that living on beach front property was a right, they would still need a way to ration that resource. Does not matter how they ration it, by lottery, or Cronyism, there would be too many people pursuing too few goods. Price is what our current system uses to ration that resource... I encourage you to read "Basic Economics: A Common Sense Guide to the Economy" by Thomas Sowell...
It is very readable, with very few tables, equations and graphs. . .