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Markets at Work

At Bloomberg I read:
"The worst junk bond market on record is providing Charter Communications Inc., Freescale Semiconductor Inc. and at least six other companies with gains as they buy back their high-yield debt at discounted prices. "

The markets are at work all the time, providing opportunities for those who choose to think and act.  Even as the government intervenes to pile on new layers of obstruction and coercion, examples like this abound and provide encouragement.  The free market will continue until the burden is too great.  As Murray Rothbard said, "the free market 'maximizes' social utility, since everyone gains in utility." (Murray Rothbard, Power and Market, p. 11)

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