…a free market in money then we wouldn’t have inflation. (Please note that with zero inflation prices can still move relative to one another.)
…a free market in housing then we wouldn’t have a housing crisis.
…a free market in healthcare then queues for cancer care would be much shorter, perhaps even non-existent.
…a free market in energy then – all things being equal – things would be looking a lot better for this winter. Of course, if we had a genuine free market in energy – all things not being equal – then polluters would be compensating their victims. This could lead to some very odd outcomes and I wouldn’t like to predict what they would be.
…a free market in education there would be a lot less wokeness and a lot less student debt.
…a free market in social media we would have pile-ons, doxing and cancel culture.