[MD] Shouldn't we be, like, revolting ?

[ml]

Ham,

Great post.

> I can't speak for the parliamentary system of Britain, but America was
> founded as a constitutional republic, not a democracy.
<snip>

This is a good point too often forgotten.  Although, it seems that the
freemarket often behaves as a VERY DEMOCRATIC institution with
it's inherent tyranical exhuberance...hence cycles.

> Without the freedom to fail, a society does not have the freedom to
succeed.
> That's the risk we all share as investors in a free market.

How very like a bicycle.

<snip>

>Thus the laws of  economics balance out like the laws of nature.
>We cannot get something for nothing.  Only so long as we are willing
> to work for the freedom of all can
> we enjoy the benefits of a free society under a representative government.
> I'm not an economist by any means, but this is how I understand Hayek's
> "Road to Serfdom", and his principles make sense to me.


Well, stated.

thanks--mel