I could appreciate the free market works of Milton Friedman and Ludwig von Mises more if they accounted for the non-free market effects of megacorporations and the Federal Reserve. I believe these two types of organizations work strongly to undermine the free market.
Furthermore, I would like to know their stance on John Kanzius' salt water burning radio device. It seems to eliminate the concept of energy shortage and radically change the realities of industrial economics. We need new laws and theories for those economic conditions.
What if you could produce electricity and heat without a margin? How would this affect the costs of industry, or would it make economics simply more 'airlike', presuming that we don't have to pay for uncompressed breathable air.
Tuesday, August 07, 2007
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