Laurence:  Collectivists presume that any unintended consequences that arise despite their carefully planned schemes must be attributed to the “free market.”  Such people are completely ignorant of the dynamics of chaos and complexity, which remind us that complex systems are inherently unpredictable, and will produce unanticipated results. When state planning goes awry, and creative minds are able to find areas in which unintended outcomes provide space for productive human action, the planners begin screeching about “loopholes.” What politician, bureaucrat, academician, or other third-rate thinker, does not regard the “closing” of a “loophole” (i.e., individual liberty) the basis for a “socially responsible” campaign?  I suspect that Hitler, … Continue reading Free Markets and the State