"The market is not a place, a thing, or a collective entity. It is a process."
Ludwig von Mises
(1881-1973) Economist and social philosopher
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A process always messed up by government interference.
 -- jim k, Austin, Tx     
    When the market is interacted with as a place, a thing, or a collective entity (a collective anything - by way of extremely terse example: Keynesian economics), the resulting commercial devastation is witnessed by process fiasco (by example: more, and more, and more rules at legal positivism)..
     -- Mike, Norwalk     
    "It is a process." Yup, a process at its highest levels that's much like a rigged gaming wheel - a wheel that can only be bested by circumvention, by engaging in direct, person-to-person barter conducted exclusively in cash (preferably coin minted of noble metal) or like trade. That way the crooked house and its corrupted 'regulators' are both left high and dry. Ever notice how such practices are, uh, discouraged? If one is tempted to think the market truly IS NOT guided by "a collective entity", a thorough investigation of the unfolding LIBOR scandal might be enough to change a person's mind. In any event, it seems certain the LIBOR crimes are fated to be swept under the carpet, disguised and hidden much like HSBC's crimes of historic-proportion were ... and the $2.3 TRILLION Donald Rumsfeld announced the Pentagon couldn't account for - stated in a Pentagon press conference, Sept 10, 2001. Guess which records were 'destroyed by terrorists' at the Pentagon, the very next day.
     -- Mann, Kalamazoo     
    Mann, your facts are accurate enough, its your spin I'm not sure of. All your examples prove the quote. With out the criminals treating the collective entity as a thing, the theft would not have been so easily swept under the carpet. There are both lawful and unlawful (criminal) economic processes. The quote but names a very few of the unlawful processes. My example above of Keynesian economics is an economics process that is contrary to the law that would include a non-criminal barter. As to LIBOR, that criminal activity depends on collectively controlled economies (collective things) with a criminal collective of financial institutions and media outlets. The murdering Rumsfeld (a kin to Mr. Obamunist Goodwrench the assassin with his hit list) and his puppet buddy king George the torturer, demonstrated the shell game place - now its here, now its with the Pentagon, and now poof, it is gone. Without the criminal's collectively enforced e-frns, Rumsfeld or LIBOR would not have been possible.
     -- Mike, Norwalk     
    Mises did NOT "escape Nazi Germany" He was Jewish nobility - born in what is now Ukraine. He "fled" Switzerland, allegedly fearing a German takeover, which should tell you a great deal about his mental reasoning capability or knowledge of the world.

    He is the father of the term that is always truncated by the Alabama Austrians, "free market CAPITALISM" - which is the twin evil of Communism - BOTH of which are spawn of Wall Street/City of London tribe and both are Neo-Mercantilism. Mises and other "Austrians" are knowingly and unknowingly (depending on the individual) Judas Goats. The Zionist Crimocracy Establishment knows they will ultimately lose their money and banking monopoly - the "FED." "Austrian" economics is designed to help them get it back - bigger and badder than ever - a global "fed" and a single global currency.

    As always, THEY will bark and howl gold standard, but never deliver it. Even high priest of Austrian dogma, Gary North, admits that a government backed gold standard is a fool's paradise and that a "free market" (note truncation) gold standard has never existed but for MAYBE 5 years in California during the gold rush.

    State PUBLIC banking and State PUBLIC money - as WE had under the far superior (Articles of) Confederation - restoring States' Rights and Sovereignty and massively downsizing DC will return our Country to US - the People.
     -- Jimi Bigbear, Libertyville, IA     
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