Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats. –H.L. Mencken
Because of this, I am simply going to state my bottom line conclusion now, with a commitment to follow it up with more detailed posts later. As we head deeper into the madness of socialism, we need to swear off any use of the phrase “black market.” There is no such thing as a black market. There are free markets and there are rigged markets. Those who rig the markets with their guns and lies try to rig them further by describing the free markets as being black markets. To the extent that you call them that also, you have joined forces with the oppression.