Free Markets Take Faith

 

the-state-vs-the-marketThe free market concept is terrifying, so much that even the staunchest conservatives opt for government intervention regularly. Modern day central economic planning is the rich man’s welfare. Any time economic times look uncertain, the rich are lobbying congress to guarantee their businesses, wealth and income. As a result, every passing day free market attributes are diminished or disappear.

During the bailout days of 2008, higher income groups got on board in multitudes so support the president in ushering in and normalizing greater levels of central economic planning. All of the wealthy Americans did not come out so good but it is what they wanted.

It is not completely accurate to say “The rich get richer.” Central planning does funnel money upstairs to the rich and the sums of money transferred get larger. But, the population of rich citizens gets smaller. Some of the rich get a lot richer.

Often central economic planning is called “pro-business.” In a free market, government acts only as a referee.

Fear of free markets is so great, that the public at large looks for and expects economic protection from the government.

Why so much fear? The good is invisible while it is occurring. Such things as people suffering are in plain view.

Hebrews 11.1 says this about faith.

“Now faith is the assurance of things hoped for, the conviction of things not seen.”

With respect to economics, the hoped for and conviction part are present. Assurance is missing.

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About Fantasy Free Economics

James Quillian is an independent scholar,free market economist, teacher of natural law, teacher and originator of the Fantasy Free approach to economics. James Quillian does not believe lies. Contact: news@quillian.net
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