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New Legislation Proposes to Take Wall Street Out of the Housing Market
(www.nytimes.com)
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this post was submitted on 07 Dec 2023
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It's not a free market... that's not an actual thing that can ever exist. It's a state where the markets are in a perfect, frictionless state, where barriers of entry are non-existent and everyone has equal access to trade on the market... Ignoring petty things like needing to actually source things
It is, in fact, both reasonable and desirable for the government to proactively watch and interfere in the markets before they enter a failure scenario, that's their job in the market.
It's often willfully misunderstood, but what you're describing is a half step from lasse faire capitalism. Which is the idea that a "free market" is a stable state, and we just need to let it settle long enough without interference. But that's literally psuedoscience...