The Myth Underlying the Fraud, by Eric Peters

Markets, unlike the government, by and large give people what they want. From Eric Peters at ericpetersautos.com:

How did the government get into the business of decreeing how many miles-per-gallon new cars (and trucks) must deliver? The authority to do this is nowhere to be found in the Constitution – though some will say (rightly) that there were no cars (or trucks) around when the Constitution was ratified and became the law of the land in 1789.

Ah, but there were horses – and carriages. And for some reason these are not mentioned in the Constitution as something over which the federal government has regulatory dominion. That reason, of course, was that the writers of the Constitution and the people who ratified it did not grant the federal government the authority to exercise regulatory dominion over horses and carriages. People were free to buy (and ride) larger or smaller horses – and ride in smaller (or larger) carriages, as they liked.

Of course, it was still America in those days. A place in which the federal government didn’t involve itself much – or even at all – in people’s personal decisions as regards the things they wished to buy and were once free to buy (or not) as they liked. It being their money and all.

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