Tuesday, July 12, 2011

True Economic Science Includes Ethics.

This phenomenon is unquestionably a result of a socialist mentality which is not unrelated to the ego-driven interpretation that occurs as a result of empiricism. And to go further, economics that is separated from ethics is unscientific since it removes the true nature of the human reality; with the consequence being a lack of validity, thereby opening the door wide for the ambitious ego-driven interpreters and interventionists.

That is why free market economics is more than laissez-faire. It is not just a principled argument, and in fact it is beyond mere intellectual argument because it is in its true nature a divine institution that is subject to corruption by any and all human economic intervention.

That corruption shows up as bad fruits such as the ones noted above with regards Gresham's Law of Manners.

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