NO – A Profound Exercise of Freedom

Sunday, July 1, 2012
By Paul Martin

By: Barry M Ferguson
Market Oracle
Jul 01, 2012

From Dictionary.com, the word ‘no’ means ‘a negative used to express dissent, denial, or refusal, as in response to a question’. It seems to be such a simple word. But, the power of ‘no’ is lost on modern society. The ability to exercise the word ‘no’ is a profound exercise of freedom. If we can’t say ‘no’, then we have no freedom. Slaves cannot exercise the word ‘no’.

The month of June has ended and with it, a little more freedom has been conceded. We should all be ashamed because future generations will look back at ours as one of cowardice. We surrendered when we should have stood strong. We buckled when we should have bucked. We conceded when we should have been courageous. Let history record the truth.

The freedom to say ‘no’ is what gives balance to economies and free people alike. It is fairness and truth. When prices for a good or service rise to a point where that good or service is no longer affordable, consumers say ‘no’ to the higher prices by closing their wallets. They stop buying that product. The makers of the product then have to find a way to lower the price or go out of business. They must become more efficient. If they lower the prices and demand is still solid, eventually the lower prices make the product once again affordable. This is the way a free market works. This is capitalism. The scales of freedom are calibrated to the effective degree of expression of the word ‘no’.

The Rest…HERE

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