alt Hacker Newswell free markets meant something very different in adam smith's time; what they meant by free was 'free from rents' whereas today its usually mean in the milton freedman terms as 'free from any interference' which is how i interpret the parent poster...
https://en.wikipedia.org/wiki/Free_market#Classical_Economic...
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einpoklum • yesterday at 9:04 AM
D: "I want to be free" by Milton Schulman.
H: Milton Friedman.
D: Why are they all called Milton? Anyway, I've only got as far as Milton Keynes.
H: Maynard Keynes.
D: I'm sure there's a Milton Keynes.
H: Yes, there is, but it's... [appears quite miffed]
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wasfgwp • yesterday at 2:17 PM
> free from any interference
That’s even less true in the US these days, though
It's not free from interference either. It requires enforcing antitrust, for example, which the US seems to have forgotten. Literally what you quoted:
> the term free market refers to a market free from all forms of economic privilege, monopolies and artificial scarcities.