Ammous - The Bitcoin Standard
While most of the world’s countries today do not have a central planning board responsible for the direct allocation of capital goods, it is nonetheless the case in every country in the world that there is a central planning board for the most important market of all, the market for capital. A free market is understood as one in which the buyers and sellers are free to transact on terms determined by them solely, and where entry and exit into the market are free: no third parties restrict sellers or buyers from entering the market, and no third parties stand to subsidize buyers and sellers who cannot transact in the market. No country in the world has a capital market that has these characteristics today.