The Foundation of Freedom | The Foundation isn't Mathematics

#economics #free #freedom

Mastery of jargon doesn’t make you a competent economist. You must understand property to understand freedom. Economics is about exchanging one thing for another. What is really happening in the exchange is an exchange of property titles. To understand exchange, you must understand property. Exchange isn’t based on graphs and equations. These are value loaded. Ethics is demonstrable, rational, and objective.

Graphs and equations are disguise for hiding their values and assumptions. They aren’t adhering to a coherent ethical system. They wouldn’t hide if they were. Two people exchanging goods are really better off at the time of the exchange. The exchange wouldn’t have been made if they weren’t. Thus, society is better off. An equation isn’t needed to show this unless you want to hide something.

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