The Free Market Center
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.
Some information on The Free Market Center website that may merit special attention.
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.
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The Free Market Center Journal
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 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.
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 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 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.
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.
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.
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.
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.
© 2010—2020 The Free Market Center & James B. Berger. All rights reserved.
To contact Jim Berger, e-mail: