Published Tuesday, November 21, 2006 by Jim Fedako
Market exchange is not based on the requirement that both parties appraise the goods about to be exchanged at equal value. Instead, market exchange is based on both parties benefiting from a two-way, unequal valuation of the goods to be exchanged. Jim Fedako presents an implication: When an elected official or government bureaucrat interferes with a valid, non-coerced exchange, they may appear to be helping one individual when they are actually harming a foundation of modern society; free exchange of goods and services.
(Original Text)
The Fairness of "Unequal" Exchange (1.17 MB)