we turn those small spaces into stand-alone images of a free space of trade. of a free market. all of the regulatory framework that is necessary to create a little space like that as a space of free trade. the illusion really is to think that there can be such a thing as voluntary compensated exchange that can occur without all of the mechanisms required to put it in place. the chicago board of board of trade is a perfect example. and institution we think of the ideals of the space of the free market. and institution constructed through enormous regulatory intervention. in other words a privately chartered organization that could indeed exist in some sense without having criminalize the other bucket shops in chicago. if you hadn t had the criminalization and elimination of all of those other spaces you wouldn t have been able to create that image, that illusion that this is a place of freedom. what i tried to get at in the book is what worked what it does for us to create