Ludwig von Mises - Man of the free market and brilliant economist from the Austrian School. (Image via Wikipedia)
It always strikes me as strange how Americans are tempted to blame the free markets for a multitude of problems. America is the same country whose national anthem boasts “the land of the free”. The country was founded in order to secure economic and personal freedom from England.
If you read the writings or the quotes of those men who wrote the founding documents and helped create America it is not difficult to see it was all about liberty and freedom. Everywhere you look in America you see the same message. The message of freedom is on bumper stickers, posters, music, movies and almost anything you can imagine.
So why is it that people fail to see free markets are necessary to be truly free? Why do people not see that free markets are free?
People will talk fervently about the need for regulations, rules, policies and so on when it comes to matters of economics. Due to a lack of awareness of how things work in the economy and the lack of knowledge about free markets, people fail to see the beauty of them. They cannot see how the free market empowers individuals. They cannot see how the free market is the natural way two parties exercise in mutually beneficial exchanges of goods and services whereby both parties are served.
More and more we see politicians and the media point blame on “evil” capitalists or “greedy” business people. In my estimation that in almost every case these attacks on the private market are what psychologists might call projection.
With that, I encourage you to read this informative pieve on free markets aptly titled “By The Way, Free Markets Are Free” by George Smith of the Ludwig von Mises Institute.
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