The free market is the most transformative of economic systems. It fosters creativity and inventiveness. It produces new industries, products, and services, as it improves upon existing ones. With millions of individuals freely engaged in a an infinite number and variety of transactions each day, it is impossible to even conceive all the changes and plans for change occurring in our economy at any given time. The free market creates more wealth and opportunities for more people than any other economic model.
The free market is the only economic system that produces on a sustainable basis, and for the overwhelming majority of Americans, an abundance of food, housing, energy, and medicine—the staples of human survival; it creates an astonishing array of consumer goods that add comfort, value, and security to the quality of life; and the free market recognizes that it is in man's DNA to take risk, to innovate, to achieve, to compete, and to acquire—to not only survive but also improve his circumstance.
emphasize that the individual knows better how to make and spend that which he has earned from his own labor and provide for his family than do the bureaucracies populated by strangers who see classes of people rather than individual human beings. As Founder James Wilson observed, "By exclusive property, the productions of the earth and the means of subsistence are secured and preserved, as well as multiplied. What belongs to no ones is wasted by every one. What belongs to one man in particular is the object of his economy and care."