(AlterNet) — Free-market libertarians go to outrageous exremes to convince themselves and others of the infallibility of the market. Even when opposing evidence smacks them in the face, they conjure up sound bites that seem vaguely convincing but are in reality meaningless. Here are some examples.
1. A Free Market is Good for Everyone.
Milton Friedman was a magician with words, making reality disappear: “There is no alternative way so far discovered of improving the lot of the ordinary people [than] the free-enterprise system…The free market system distributes the fruits of economic progress among all people.”
The Cato Institute added their own banality: “Free markets create a future promoting integrity and trust.”