I should spend a year attacking the capitalism vs socialism false dichotomy. It’s either rule of law by reciprocity or arbitrary rule by discretion. We always have mixed economies. However, under western rule of law by reciprocity there is no ‘free trade’ only ‘reciprocal trade.
Source date (UTC): 2019-04-09 21:11:33 UTC
Original post: https://twitter.com/i/web/status/1115723949801975808
Reply addressees: @mikerosenwald @FriedrichHayek @tylercowen
Replying to: https://twitter.com/i/web/status/1115640295134257152
IN REPLY TO:
@mikerosenwald
My friend @tylercowen new book is out today. It is an all-in defense of American capitalism. Even if you disagree with him, you should read it because a) intellectual bubbles suck and b) to see an extraordinary mind at work. https://t.co/7IgvkfbLX6
Original post: https://twitter.com/i/web/status/1115640295134257152
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