soontobepro, I think I found an example. Now, I do not know if it is an austrian economic theory or model or whatever, but it is indeed a case of free markets creating prosperity, and government regulation stalling an economy.
What is it?
The online poker economy!
During the online boom, the online poker markets were free. Players could freely deposit, even with a credit card. There were plenty of sites to choose from. You even had people coming from online casinos to poker. The economy was very healthy, and growing steadily, and a lot of people made a lot of money.
Then the government passed regulations, the UIGEA of course, which restricted deposit options, restricted competiton, and completly stalled the economy.
The market could not self regulate, in regards to AP/UB, because there was no competition. And now here we are 3 months after black friday, more govenrment intervention, and the online poker economy in the US is all but dead.
amidoinitrite?