Free Market Enterprise

Free Market Enterprise – Allocating resources by the free play of supply and demand is the single economic system compatible with the requirements of a free society, and also the most productive and efficient supplier of human needs.

› Through free markets, individuals and groups form relationships and exercise self-government. The state should only intervene to establish minimum health and safety standards, and encourage competition. When the government does choose to use its power to regulate free people, it should be exceedingly cautious to use the least burdensome method possible.

› As individuals have the right to choose in free market systems, they are vested with the responsibility to inform themselves and make choices that best suit their needs. While government should actively enforce fraud statutes, it should not attempt to protect the public from what it perceives as poor choices by eliminating those possibilities from the market.

› Private property is the cornerstone of a free nation. Therefore, communal needs should override private property rights only in the most convincing circumstances – not merely for the sake of convenience. In those instances when a compelling need does exist, property owners should be justly compensated for their whole loss.