Mises Daily
Author:
Percy L. Greaves, Jr.
Online Publish Date:
[Originally published in the Freeman , November 1964, this article is included in Free Market Economics: A Basic Reader , edited by Bettina Bien Greaves.] Back in February, 1871, a group of free enterprisers found a way to help cotton growers adjust their production to market demand. They organized the New Orleans Cotton Exchange. There, for 93