Contrary to politicians’ and legacy media’s hogwash, the American market was not free prior to the economic meltdown. From Voices For Reason, What Free Market?
The upcoming Spring issue of The Objective Standard includes an article by ARC’s Yaron Brook and Don Watkins challenging the notion that America had a free market economy before the recent crisis. In “America’s Unfree Market,” they argue that since World War I the U.S. economy has been increasingly saddled with–and damaged by–the anti-free market elements of taxes and government controls.
As noted in the article, with the latest federal budget surpassing $3 trillion and tens of thousands of regulations already on the books, people’s belief that America has a free market is only possible because of a gross misconception of what a free market actually is.
The article is only available to subscribers but there’s a link to a long excerpt at the site.