Founding Fathers: Free Market Visionaries

The highest level of prosperity occurs when there is a free market economy and a bare minimum of government regulations

The founders attempted to structure a free-market national economy on-the-basis of natural law. The freedom to try, buy, sell, and fail, without government interference in production, prices, or wages, would lead to a prosperous nation. As described by Adam Smith, a Scottish college professor, in his book The Wealth of Nations, the formula for free-enterprise relies on supply and demand principles to provide the specialized needs of the people, and competition to keep prices fair. Economic freedom was and still is considered-to-be the impetus to innovation, production and success. For over 100 years in America, economic freedom was indeed working – by 1905 the U.S. had become the richest industrial nation in the world based on the free-market standard.

After 1900, influential leaders which included wealthy industrialists, heads of multi-national banking institutions, educators and media outlets, lost trust in the free-market system. Complaints arose concerning powerful trusts gaining too much control, numerous large-scale strikes, and damaging “boom-and-bust” cycles. Major universities encouraged collectivism, socialism and government ownership of industry with complete regulatory power over the marketplace, as a solution to these concerns. Certain agricultural and labor groups were pressuring the government to redistribute wealth, a movement that was growing on an international scale. America, the country that was born on the freedom to try, buy, sell, and fail-concepts, was now turning to the once-feared meddling government to solve marketplace problems.

In 2015, the U.S. is trillions of dollars in debt – a figure so high that experts cannot even conceive of a time it will ever be reconciled. Money is printed by the Federal Reserve System and being borrowed from countries like communist China. This money is being spent by a gargantuan monster called the U.S. Congress that permits the funding of everything and anything one could possibly imagine satisfying corporate self-interests, cronyism, and the “good ole boys” club.

The U.S. government controls every aspect of our lives through unconstitutional rule-making entities such as the Department of Education, Homeland Security, Internal Revenue Service, Human Health Services, Environmental Protection Agency, and the list goes on and on. The government exists to regulate, license, paper-bury, initiate fees, taxes and lawyers on a so-called free people. Today’s government can and will extort the American people of their property, earnings, family and hope. We are no longer land of the free, when we are plagued with unemployment, debt and dependency.

To get back within the spirit of a free market economy as envisioned by our forefathers, a complete overhaul of the way the U.S. government operates is in order. The entire federal government must be reduced to minimum levels, with minimal money and power. This reduction will trickle-down to the states and local municipalities. The founders believed that a free market society that relies on the people to create and choose is the secret to upward mobility. We can have a free market and preserve natural law as intended, if we boldly and quickly act to demolish the current structure.

If the American people ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will group up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied. — Thomas Jefferson

 

Raquel Okyay