So-called economic moderates claim to support free-market capitalism, but then say that markets still need “some” government oversight. Free markets, however, don't need government-based rules because markets effectively regulate themselves.
Soham Patil
Soham Patil is a high school senior at Symbiosis International School. He is passionate about Austrian Economics and Philosophy.
Latest work
The “ middle of the road” has become a popular position among those who find both free market capitalism and communism both to be extreme opposites. Despite the fall of the USSR, many still believe in...
One of the excuses for levying protective tariffs is to protect emerging domestic industries. However, this kind of protectionism, contrary to popular opinion, leaves an economy worse off every time.
