Mises Wire
Author:
Michael Matulef
Online Publish Date:
to a tendency immanent in capitalist economy but to governmental interventionist policy directed against free trade and laisser-faire. —Ludwig von Mises, Socialism In an unhampered market economy, multiple firms compete for consumers’ favor with innovative products and competitive prices. Market forces, like consumer preferences barriers and excessive red tape hinder the entry of new competitors, stifling innovation and limiting the potential for alternative solutions to emerge. By