America´s Two Democracies
(WorldNews Politics)

America has two democracies, one political and the other free market. The concept of a political democracy dates back to Plato and his `Republic.` Ludwig von Mises and my mentor Dr. Bill Peterson (a student and colleague of Mises) wrote extensively about our market democracy. Both of these great men are now just a memory but their legacy defines America. The political class dominates the news, while the market provides the solutions chosen by our citizens. Plato described the political democracy as `full of disorder.` Today, the political democracy provides a spectacle of unpleasant news...