Is defined as” An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. The US was established to have the Private Sector operate the economy in a Free Market. Free market economics works using the laws of economics, rather than the laws the US Congress has passed. The Law of Supply and Demand allows consumers to control prices by refusing to pay “too much” for a product or service. The US Government was not designed to set prices. We are doing this all wrong and it isn’t working out.
The poster children for unconstitutional government involvement these days include Education and Healthcare. The minute government started messing with these two industries, prices rose exponentially and quality plummeted. Before government got involved, our Education system was the best on the planet and our healthcare system was good and both were cheap.
If government would announce that they are going to reduce subsidies for Education and Healthcare, their prices would drop like a rock. These industries currently have no incentive to reduce their bloated costs. All Education and Healthcare laws and regulations need to be repealed. These industries need to be restored to have their prices controlled by consumers operating in a free market.
Norb Leahy, Dunwoody GA Tea Party Leader