10 Reasons to Love the Free Market

The main problem with welfare such as unemployment benefits, or government handouts, is that it de-capitalizes the productive members of society and capitalizes unproductive members. The productive members are the entrepreneurs. Those who predict what goods consumers will demand in the future and produce them in the present. When the government imposes taxes, it takes…

We hear about it all the time. After a natural disaster, or during times of civil unrest such that transpired recently in Ferguson, businesses price gouge items in high demand. Water or a ride away from a dangerous area become expensive commodities. The instinct is to chastise such actions as immoral and selfish. But a…

2. There’s no free lunch An old adage among economists is “there’s no such thing as a free lunch.” The concept is simply, even if something is acquired at no monetary cost to you, someone, somewhere paid for it. If they didn’t pay for it with money, they paid for it with labor. If you…

Restricting lobbying would be unconstitutional and wrong. The right to petition our government is an important part of free speech. This is a representative system, after all, and those lobbyists and whomever funds them have a right to have their voices represented. Restricting lobbying would essentially mean destroying the First Amendment. The Supreme Court has…

Photo by charles.hope 2. Redistributing income from the rich to the poor increases economic growth Governments that aggressively redistribute income hurt the poor in the long run while freer economies actually create a net benefit for lower income groups. Over time, a relatively free market with a limited role for government will provide the greatest…