Economic Freedom

“The most important single central fact about a free market is that no exchange takes place unless both parties benefit.” – Milton Friedman

The highest level of prosperity occurs when there is a free-market economy and a minimum of government regulations.  Any government intervention in the economy serves to inject inefficiencies, thereby rendering all people, in aggregate, less well off and less wealthy than they otherwise would be.   This is true when considering either the domestic economy or the international economy.

Prosperity depends upon a climate of wholesome stimulation with four basic freedoms in operation:

• The freedom to try.
• The freedom to buy.
• The freedom to sell.
• The freedom to fail.

Unfortunately, too many people have come to believe that there is a limited amount of wealth in the economy and don’t understand that wealth is constantly expanding, overall.  Too many people also have come to believe, essentially, that all the money in the world belongs to the government and that only by the government’s beneficence do any of us get to have any of it.  Too many people have come to hold an ethic of economic entitlement and to demand equality of economic outcomes, rather than equality of economic opportunities.  These nontraditional views have resulted in the call for all sorts of government interventions in the economy, in order to gain personal advantage, every one of which reduces efficiency, wealth, and freedom.

To ensure the prosperity of our nation for generations to come, we must demand a return to less government intervention and more economic freedom.

Source: The Center for a More Perfect Union

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