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> The US was much more economically free in the 1800s than now Not much economic freedom for slaves or for Indians forced off their land (e.g. illegal seizure
by bryik 23d ago
> The US was much more economically free in the 1800s than now
Not much economic freedom for slaves or for Indians forced off their land (e.g. illegal seizure of the Black Hills by the US government [0], the Cherokee in Georgia, etc).
Prior to 1900s-era state laws and the federal Securities acts, you could sell fraudulent investments backed by nothing but the blue skies of Kansas. I suppose that's an economic freedom that was lost, can't say I miss it.
0 - https://en.wikipedia.org/wiki/Seizure_of_the_Black_Hills https://en.wikipedia.org/wiki/Seizure_of_the_Black_Hills
- WalterBright 23d agoYes, we know a slave economy is not a free market. > you could sell fraudulent investments Fraud is against the law in a free market.
- bryik 23d agoThen I don't understand how you can say "The US was much more economically free in the 1800s than now".
- WalterBright 22d agoThe growth in endless regulations, taxes, permits, etc., are a serious impediment. For example, being unable to rebuild after the Palisades fire.