In Defense of Freedom
Freedom is under attack from seemingly all directions today. Voters in New York just selected a socialist in the democratic primary. Vice president JD Vance recently admonished conservatives who he claims, “worship the capital M market.” Milton Friedman famously observed that, “Underlying most arguments against the free market is a lack of belief in freedom itself.”
This still holds true, but today there is another element from those who lack understanding of what the term “free market” means.
Today we hear the line that “the free-market economy is not working for everyday people.” We hear this from both the left and the right. However, every single example they give is, without fail, a place where regulation has replaced the free market. The greatest pain points (housing, higher education, and healthcare) are all areas where we long ago abandoned a free market approach.
Freedom isn’t free, and we too often forget how rare it is in human history. We need to do a better job of educating. The emphasis in free market is on free.
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