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bryiktoday at 6:09 AM1 replyview on HN

> The US was much more economically free in the 1800s than now

Not much economic freedom for slaves or for Indians forced off their land (e.g. illegal seizure of the Black Hills by the US government [0], the Cherokee in Georgia, etc).

Prior to 1900s-era state laws and the federal Securities acts, you could sell fraudulent investments backed by nothing but the blue skies of Kansas. I suppose that's an economic freedom that was lost, can't say I miss it.

0 - https://en.wikipedia.org/wiki/Seizure_of_the_Black_Hills


Replies

WalterBrighttoday at 6:36 AM

Yes, we know a slave economy is not a free market.

> you could sell fraudulent investments

Fraud is against the law in a free market.

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