When Adam Smith used the term "free market", he actually meant a properly regulated market, not a totally deregulated one.
https://static.uni-graz.at/fileadmin/sowi-zentren/Schumpeter-Centre/Download/Paper/05_Kurz_2014__01.pdf
@wim_v12e
Same for Hayek. Both Smith and Hayek have been rendered as some kind of Ayn Rand reductionists by neoliberal idiots.
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