The alternative to the market process is government control, and we know where that principle leads.

Freedom is never more in peril than when politicians feel the pressure to 'do something.'

The alternative to the market process is government control, and we know where that principle leads.

In an unmolested market economy - one where all dealings are consensual - the 'allocation' of wealth and income is the result of transactions.

Among other grand achievements, F. A. Hayek had a remarkable career pointing out the flaws in collectivism. One of his keenest insights was that, paradoxically, any collectivist system necessarily depends on one individual (or small group) to make key social and economic decisions. In contrast, a system based on individualism takes advantage of the aggregate, or 'collective,' information of the whole society; through his actions each participant contributes his own particular, if incomplete, knowledge-information that could never be tapped by the individual at the head of a collectivist state.

Government spending reduces the capital that could be invested to serve consumers and to produce new employment opportunities.

Americans live under the delusion that enterprise here is both private and free. It may be nominally private, but it's anything but free. Unfortunately, most people don't know what freedom is. So they are unfazed when they hear that before you can do anything of a commercial nature, you need government permission.