Free Markets

1998 Mises Institute Supporters Summit, Palm Springs, California; February 27-28, 1998.

1998 Mises Institute Supporters Summit, Palm Springs, California; February 27-28, 1998.

Inclined to Liberty is an important confidence booster for people involved in commerce, providing answers to their colleagues who criticize freedom, and pointing to other resources.

Obama's public-private partnerships would become extinct and despised, being recognized for what they are: back-door socialism, making a mockery of true partnerships and freedom. Entrepreneurship and innovation would be free to flourish in such an environment.

Today government is even more arrogant and absurd, and it actually believes that by passing legislation it can save the US car industry.

Bernanke and company are making matters worse by endlessly inflating and bailing out dysfunctional firms. The result will be more unemployment, not less.

The market, to the extent it is able to work freely, would lower healthcare prices while increasing quality; to the extent that government is involved, expect higher-priced and lower-quality services — and more bureaucracy.

There is nothing that the government can do today — apart from repealing laws and regulations — that will make an improvement on the workings of the market.

Presented at the 2008 Economics and Government Seminar at the University of Waterloo, sponsored by the Institute for Liberal Studies.

The Clinton years are a case in point. Spending rose very little. Warfare was curbed relative to the past and present. Deficits fell. The public sector shrank.