Economic Freedom Basics: #adulting II

Economic Freedom = freedom to choose how to produce, sell, and use your own resources, while respecting others rights to do the same. Economic freedom is one of the keys to greater opportunity and an improved quality of life.

Ex/ Thief stealing food for family, stealing not virtuous food, but survival overrides. Breeds crime.

Objection: Amassing wealth to detriment of someone else.

Two competing approaches to economics. A fixed economy versus a dynamic economy.

Growing economic opportunity helpful along the path of happiness.

  1. Personal Choice: free of cronyism capitalism, free of overly ambitious government
  2. Freedom of Exchange, limited government regulation ex/ soda tax a version of a sin tax

Ex/ CA vs TX people vote with feet, migration cost of housing, taxes