The problem with Economic discussions today is that people tend to look at it like "physics" or "mathematics". In truth something like the US economy is a massive organism, the product of hundreds of millions of people making thousands of personal financial decisions every single day. The decision to buy this or that, or to not buy at all. Unintended and unforeseen consequences cloud all government decisions that try to steer this massive ship. The most effective and successful system is to allow the good citizens the freedom to make up their own minds about which products are best for themselves and their families. Freedom is not just an economic system but an entire outlook on life itself. In a free economy, where no man or group of men can use physical coercion against anyone, economic power can be achieved only by voluntary means: by the voluntary choice and agreement of all those who participate in the process of production and trade. In a free market, all prices, wages, and profits are determined, not by the arbitrary whim of the rich or of the poor, not by anyone’s “greed” or by anyone’s need, but by the law of supply and demand. The mechanism of a free market reflects and sums up all the economic choices and decisions made by all the participants. Men trade their goods or services by mutual consent to mutual advantage, according to their own independent, families judgment. A man can grow rich only if he is able to offer better values, better products or services, at a lower price than others are able to offer.
Wealth, in a free market, is achieved by a free, general, “democratic” vote, by the sales and the purchases of every individual who takes part in the economic life of the country. Whenever you buy one product rather than another, you are voting for the success of some manufacturer. And, in this type of voting, every man votes only on those matters which he is qualified to judge: on his own preferences, interests, and needs. No one has the power to decide for others or to substitute his judgment for theirs; no one has the power to appoint himself “the voice of the public” and to leave the public voiceless and disfranchised.