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Originally Posted by Gabo  I think one of the most important things you must do is define a free market economy and a state-run economy. Many people have different views of what each of those things are, so you should be sure to state which definition you will use. I would personally recommend the following definitions (or similar):
A free market economy is a social structure where each individual owns property and labor, and voluntarily trades their property and labor with others to make themselves better off.
A state-run economy is a social structure where one individual or group (the "state") forces individuals to trade their property and labor with each other as the state sees fit. |
How about banks? Banks no not own their assets as property, and they voluntarily trade other people property, take money from people unilaterally, and also they create money in their accounting books and they produce nothing but inflationary pressure.