What Is the Free Market?

The Free market is a summary term for an array of exchanges that take place in society. Each exchange is undertaken as a voluntary agreement between two people or between groups of people represented by agents. These two individuals (or agents) exchange two economic goods, either tangible commodities or nontangible services.

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Who really runs the world? More progressive Pietism. The Military Industrial Complex money laundering scheme. When Zionism looks like fascism.The real meaning of TRANS...

Market Failure is a Myth

A prominent topic that economics students anywhere cannot avoid is market failure. Students everywhere are taught that the free market is inherently unstable and causes problems that can only be fixed through legislation and regulation. As a result, most of those who take an economics class come out of it believing that the state helps