free market

mansplaining

capitalism

price gouging

is absolutely essential for a politically free society.

The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system. Milton Friedman

is grounded in the notion that no exchange takes place unless both parties benefit.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit. Milton Friedman

is, in practice, unachievable because though its ideal is a transaction between two individuals that affects only those individuals, most often, transactions between you and me affect a third party (i.e. Pollution, inequality).

Free markets' is a very general term. There are all sorts of problems that will emerge. Free markets work best when the transaction between two individuals affects only those individuals. Most often, a transaction between you and me affects a third party. That is the source of all problems for government. That is the source of all pollution problems, of the inequality problem. This reality ensures that the end of history will never come. Milton Friedman

is indifferent to color, race, religion. It is the most effective system for people who hate one another to deal with and help each another.

The great virtue of a free market system is that it does not care what color people are... it does not care what their religion is... it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another. Milton Friedman

is not only a more efficient decision maker than even the wisest central planning body, but even more important, the free market keeps economic power widely dispersed.

The free market is not only a more efficient decision maker than even the wisest central planning body, but even more important, the free market keeps economic power widely dispersed. Milton Friedman

is objected to, essentially, because its objectors lack a real belief in freedom itself.

What most people really object to when they object to a free market is that it is so hard for them to shape it to their own will. The market gives people what the people want instead of what other people think they ought to want. At the bottom of many criticisms of the market economy is really lack of belief in freedom itself. Milton Friedman

 will provide immediate gain for the many, short-term pain for the few, and long-term gain for all.

Cutting government spending and government intrusion in the economy will almost surely involve immediate gain for the many, short-term pain for the few, and long-term gain for all. Milton Friedman

1s 2reat virtue is that it forces existing businesses to meet the test of the market continuously or else be driven from the market.

The great virtue of free enterprise is that it forces existing businesses to meet the test of the market continuously, to produce products that meet consumer demands at lowest cost, or else be driven from the market. It is a profit-and-loss system. Naturally, existing businesses generally prefer to keep out competitors in other ways. That is why the business community, despite its rhetoric, has so often been a major enemy of truly free enterprise. Milton Friedman

free market, n.Definitions

free market