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Old Posted Dec 22, 2008, 5:27 AM
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Ruckus Ruckus is offline
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Join Date: Aug 2006
Location: Woodlawn Cemetery
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Originally Posted by circle33 View Post
Saskatchewan has always been a free market economy--perhaps with some more government intervention than in other jurisdictions -- but free nonetheless. Any attempt to equate what has, does or will go on here with the former Soviet Bloc or Maoist China is patently ridiculous.
Quite right.

The degree to which a market is free is defined by constraints (e.g. laws, regulation, taxes, subsidies) imposed by government.

The Soviet Bloc and Peoples Republic of China are much less free than Saskatchewan, have been, and currently are...always? Be afraid, very afraid

There is a belief that market variables and scenarios can be measured precisely, and compared across space and time against other market variables and scenarios...economics, my least favorite subject.
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