Free Markets

Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.

Socialism and capitalism offer radically different solutions to the problem posed by scarcity.

Thanks to entrepreneurs, markets are dynamic and constantly expanding. Attempts by governments to manage prices through the bureaucracy are sure to hinder this dynamism and drive to serve customers.

Even in the heyday of liberalism only a few people had a full grasp of the functioning of the market economy.