Clear Thinking about Free Markets.


In The Free Market Center you will find explanations, conversation, and information about free markets—their structure, the forces that drive them, and the theories that explain them.

You can either gain the knowledge of free markets and use that knowledge to protect your liberty and prosperity, or you can watch your liberty (and your lifestyle) slip away.


Highlights

Some information on The Free Market Center website that may merit special attention.

December 2, 2021

I have been off working on other projects. After a rather long delay, I got back to reviewing this site. I found that pages did not appear as I wanted them to on smaller screens, so I had to do some site-wide changes. Also, I returned to the use of dropdown menus. I will soon work on content for The Free Market Center Journal, much of which I will use for draft content for this site.

Read older highlights...

The Free Market Center Journal

View a sample of the content of The Free Market Center Journal. Click the entry, if you see something of interest.

Contents

The Free Market Center provides clear explanations of the true nature and importance of free markets.

Designing a website like The Free Market Center presents a challenge not faced by this subject matter in another medium. On the one hand, I want to maintain continuity throughout the website. However, on the other hand, I cannot control on which page the visitor will land. Therefore, although I strive to achieve continuity, I have to design each webpage to stand on its own.

Another problem presents itself. Adding content to this website, for many reasons, does not occur sequentially. In addition, I can never fully complete the site.

On this page, I will give an overview of the website sections and describe the continuity between these sections.


Economic Reasoning

Economic reasoning consists of applying sound reasoning to economics and free markets.

I believe we live in an era in which sound reasoning has become hard to find. In this section, I will describe several essential elements in applying sound reasoning — particularly applied to economics.

With the tools of reasoning, we can better understand the essence of economic activity: market exchange.


Market Exchange

To some degree, all human activity consists of exchanges. When humans act, they do so to exchange one condition for another. With the production of various goods, people open the possibility for market exchange.

Goods that a producer does not consume himself become available to exchange. Because producers consume only a portion of what they produce, exchange becomes one of the most important functions of a market economy.

As markets become larger, direct exchange becomes less and less efficient. To facilitate the efficient operation of large-scale economies, people have created generally accepted media of indirect exchange, known as money.


Money & Banking

Money acts as a medium of indirect exchange. Banking represents the process through which most economies conduct most money transactions.

Despite its importance, many people don’t understand the true nature and function of money. To further confuse their thinking, they misunderstand the role of the banking system. I will attempt to cover the aspects of money and banking most frequently misunderstood.

Understanding economic reasoning, market exchange, and money and banking arms a person with the knowledge to understand how markets operate naturally. But, what keeps markets from operating freely? — Market intervention.


Market Intervention

Market intervention consists of interference with the natural process of exchange. Intervention comes mostly from government. It leads to less efficient allocation of economic resources and the loss of liberty.

Without intervention, markets are by nature free. Thus, to fully understand free markets, we must understand the types and impacts of market intervention.


Commentary

This section contains commentaries from myself and others about current economic news and issues.

I have devoted this website to explaining the operation and advantages of free markets. In addition, this section provides an opportunity to share comments about economic news and issues that have affected and will affect our lives.


Website Resources 

This website uses many resources that do not appear or are not evident in the pages posted on the site. You can access these resources in this section.

To make the concepts discussed on this website more understandable, I have expressed them mostly in my own words. I have consulted many resources over the years and I will cite many of those in this section. For more detailed explanations, you can refer to those sources.


More Content


Lexicon

The precise use of words and terms plays an important role in understanding concepts regarding free markets. I have set up this separate section to define the lexicon used on this website. You may find it helpful to find words and terms that you hear frequently and read more precise definitions.


About Us

This section has important information about The Free Market Center. .

You might find it helpful to understand a little bit of the background of this website — why does it exist and what does it attempt to accomplish. Although I want you to judge this website based on its content, you might want to learn more about the individual — yours truly — responsible for most of the content and design of the site.

A place of clear thinking and learning about markets free of intervention.

"Government is essentially the negation of liberty."

Ludwig von Mises


"Believe nothing. No matter where you read it, or who said it, even if I have said it, unless it agrees with your own reason and your own common sense."

Buddha


“In times of change, learners inherit the world, while the learned remain beautifully equipped to deal with a world that no longer exists.”

Eric Hoffer


“How is it that humans have progressed so rapidly in science, mathematics, and engineering, yet we continue to exhibit behaviors that result in misunderstanding, suspicion, bigotry, hatred, and even violence in our dealings with other people and with other cultures?”

Alfred Korzybski


More Words of Wisdom