> A key free market principle is that investors better know how to spend > money than the gov't. > Fabio
That is not a free-market principle. The free-market principle is that a person should have control over his property. There is an economic principle that a large centralized government lacks the knowledge of how to best spend money for all, due to the decentralized and dynamic nature of knowledge and preferences. Another principle is that a government with much power will be beset with groups seeking to turn that power into their favor. That implies that free-market policies would work better for spending, but it does not guarantee it. Fred Foldvary ===== [EMAIL PROTECTED]
