The Free Market Center
The Free Market Center provides accurate and clear explanations of the actual structure and processes of free markets. Exposition provide the primary method for achieving that purpose.
Exposition (the act of expounding, setting forth, or explaining: the exposition of a point of view) describes a primary method for the explaining that we do here at The Free Market Center. I have divided these explanations into the following sections:
Without open markets and the ability to make exchanges, an economic system could not prosper and grow. In this section I will examine important aspects of the process of market exchange.
Money acts as a medium of indirect exchange. Banking represents the process through which most economies conduct most money transactions.
As you have seen from the introduction to exchange, money plays a vital role in the efficient operation of large markets. I will cover some of the basics of money in this section and go into more detail in the category devoted entirely to money.
Numerous arguments exist for the perpetual growth of the money supply. I will address some of the various fallacious ideas about money growth.
A collection of the many myths about money.
Market intervention consists of the 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.
Monetary intervention represents one of the more sinister influences on a market economy. Interference in the money supply cause distortions in money prices the laying false information to economic actors.
Today's crises arise from yesterday's solutions. When examined closely we find that nearly all economic "crises" occur as the result of previous solutions to "problems" in markets.
Economists seem to have difficulty agreeing on even basic assumptions about market behavior. They tend to classify their thinking according to various "schools." The study of economics has several schools of thought. This section describes some of those schools as a comparison with the Austrian methodology advocated here.
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