Topic > Understanding the Free Market - 675

“Underlying most arguments against the free market is a lack of faith in freedom itself.” (Friedman) As we all recognize, Friedman firmly endorsed the exercise of the free market. Free marketing is a market that does not obtain government consent regarding the acquisition or pricing of raw materials. In Friedman's eyes we as Americans should be independent enough to rectify our own market. America is known for its freedom and rights violated by the founding fathers in the constitution. Free marketing will benefit our country's economic status by supporting our freedom. Many people infer that we cannot formally manage markets without government consent without corruption. Companies cannot increase prices to outstanding amounts. For example, if someone sold an apple for $100 they would not be successful due to other sales sources that would sell the apple at a lower price. That or due to current cost conditions the consumer would look for a different alternative to that product. This is how we know that in a free market we would be safe from corrupt sales. Also know that in a free market both parties must reach an agreement to make the exchange or sale. Naturally a person wants to exchange items of lower value for higher values. People have different perceptions about the value of one object and another. A person may need something for a certain reason, giving him the thought that what he has to offer is less valuable. These actions are called market forces. In a free market people are in control. And that's how the free market works. Rather than having a government regulated market that has no interest in people's needs or wants. The government is indifferent and focuses solely on what companies suggest... middle of paper... during the early 1930s Keynes was very active in economic society, published many popular books and had a growing reputation for his theoretical ideas. Keynes' ideas were well thought out and put into practice in some of the countries bordering the United Kingdom. Those countries included Germany and Sweden, but he was only interested in the growth of the United States. He argued that government power was the essential tool for solving the problems of a recession. Its association with President FDR's New Deal led many to believe that this was what ended the Great Depression. Many would believe this to be true, but could the increase in weapons production that has occurred over the years be the reason? This industry provided many jobs and formed new companies that brought much wealth to the country. Considering that we won the war, the United States quickly placed us in the highest ranking in the world.