| | Unfortunately, Tibor, once again, there are all too many idiots out there who can't seem to discern an abstraction.
You analogy re the First Amendment is good. The Bill of Rights, in modern analysis, is seen as encompassing only "social rights" not economic rights. But the Bill of Rights, especially the First Amendment, is a powerful metaphor for the free-market. Leave me alone unless you've got a damn good reason not to. Abstractly, that's what it says.
Ross
NB: Mises talked about the unworkability of the socialist system due to the impossibility of information flow, feedback mechanisms, individuals acting alone, etc. The market needs all types of information to function. The cunning & the idiotic investor are both valuable & essential.
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