What Is The "Free-Market?"

The "Free-Market" is exactly as it sounds; the marketplace of the entire planet where 7 billion humans can enter as buyers and sellers freely into business amongst themselves without any interference from any other persons not involved in the transaction. The buyer has the right to pay the seller only what he is willing to pay, the seller has the right to accept only what he is willing to accept from the buyer, and both have the option to walk away from the deal if they feel they are getting the short end of the stick.

The price of any commodity or service is that agreed upon by the two parties and only for the exact instant that they make the exchange and does not apply at any other time or for any other person unless the new parties agree to the same at another time. People are free to increase their fortunes by good decisions and trade but are at the same time are free to lose their fortunes by reckless dealings. The responsibility of the loss or gain rest solely with the party making the decision, as long as they were able to make such decisions freely.

By this explanation of the term, you can see that we haven't had a "Free-Market" in this country for quite some time (think minimum wage, mandatory lending laws, hiring quotas, etc.) So when you hear the blowhards in Washington bellowing about the big stink in our economy, you might remember that infantile jingle about flatulence from the second grade: "Those who smelt it first are the ones who dealt it worst."