Free Market System

Throughout history, Government has started small, and then grown into outrageous proportions and begin to take control over the free market and thus driving the economy down. According to James Gwartney, “Put another way, government allocation results in a “one size fits all” outcome, while markets allow different individuals and groups to vote for and receive desired options (Gwartney 102).” Government is not supposed to be big. That is what George Washington stressed when he accepted presidency. According to James Dorn from Cato Institute, “Compromise is a part of political life, but in a constitutional democracy, “the sacred fire of liberty”, as US founding father George Washington called it, must be kept burning by principles that protect life, liberty and property (Dorn).” George Washington knew that big government would return to what the American’s fought for their freedom for; a government that is more of an elite and then the “commoners” who don’t understand and have to be “ruled” by big government. This even goes into the market system. “[Free market] is a summary term for an array of exchanges …show more content…
“Government, in every society, is the only lawful system of coercion. Taxation is a coerced exchange, and the heavier the burden of taxation on production, the more likely it is that economic growth will falter and decline (Rothbard).” During President Harding’s presidency, there were several scandals, one of them including an oil scandal in Tea Pot Dome, Wyoming. It happened because the government got involved with something that should have stayed on the free market end of things. Because of the scandals, Harding’s otherwise great presidency was marred. Between Harding and Coolidge, they were able to decrease the size of government, decrease the unemployment, and reduce spending. It is President’s like these that America needs to be great again. With an economy that used to dwarf other