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Arguing that the only problem with a free market is lack of competition, is like arguing that that the only problem with prostitution is that there aren't enough pimps.
Antiliberals endlessly berate their enemies for "instrumental thinking." But they do not clearly explain the evil of producing better goods at a lower cost.
The stock market is almost magical because it always leads the economy. It goes down long before the economy drops and then heads higher long before the economy rebounds. It always has.