Let’s Wage War Against Government Favors & Crony Capitalism

By Walter Williams

About Walter E.Williams

Walter E. Williams is a professor of economics at George Mason University. Williams is also the author of

Opinion

USA – -(Ammoland.com)- Dr. Richard Ebeling, professor of economics at The Citadel, The Military College of South Carolina, and my longtime friend and colleague, has written an important article, “Business Ethics and Morality of the Marketplace,” appearing in the American Institute for Economic Research.

It’s importance and timeliness is enhanced by so many of America’s youth, led by academic hacks, having fallen prey to the siren song of socialism.

In a key section of his article, Ebeling lays out what he calls the ethical principles of free markets. He says: “The hallmark of a truly free market is that all associations and relationships are based on voluntary agreement and mutual consent. Another way of saying this is that in the free market society, people are morally and legally viewed as sovereign individuals possessing rights to their life, liberty, and honestly acquired property, who may not be coerced into any transaction that they do not consider being to their personal betterment and advantage.”

Ebeling says that the rules of a free market are simple and easy to understand: “You don’t kill, you don’t steal, and you don’t …Read the Rest

Source:: AmmoLand