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The benefits of utilizing markets in the U.S.

Summary:
An article I wrote for the San Antonio Express-News last March. "I was glad to see that Beto O’Rourke recently said, “I’m a capitalist. I don’t see how we’re able to meet any of the fundamental challenges that we have as a country without, in part, harnessing the power of the market.” It seems like our country is turning away from markets too much these days. Democrats are proposing massive government interventions like the Green New Deal, along with much higher taxes on wealth and income. President Donald Trump is for tariffs and border walls, and issued an executive order to buy and hire American. When economists say “markets,” we mean allowing individuals to decide who they will trade (buy and sell) with, free of bureaucratic mandates. This is a very democratic

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An article I wrote for the San Antonio Express-News last March.

"I was glad to see that Beto O’Rourke recently said, “I’m a capitalist. I don’t see how we’re able to meet any of the fundamental challenges that we have as a country without, in part, harnessing the power of the market.”

It seems like our country is turning away from markets too much these days. Democrats are proposing massive government interventions like the Green New Deal, along with much higher taxes on wealth and income. President Donald Trump is for tariffs and border walls, and issued an executive order to buy and hire American.

When economists say “markets,” we mean allowing individuals to decide who they will trade (buy and sell) with, free of bureaucratic mandates. This is a very democratic process in which millions of buyers and sellers create the outcomes.

Some of these outcomes have been very beneficial. Look at the millions of people who have been lifted out of poverty in India and China in the past 40 years as those countries instituted market reforms. Countries like Venezuela that have turned away from markets have suffered poor economic outcomes.

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