Ever think about how many options you have at the grocery store, or that you actually have an option about which store you shop at? Or that you can choose whom you work for and can leave at any time? These are all advantages of a free market. In this episode we explore these pros and some cons too, as well as delve into how our government allows for distortions of free markets through monopolies and regulation. Bonus! We are now on Youtube! If you would prefer to watch Dave and follow his presentation, check us out here!

In this episode:

• Free markets and why they are good [1:30]

• What a free market is [2:00]

• How a free market works [4:00]

• Why free markets important [9:30]

• Real world success stories and why Jeff Bezos and Bill Gates deserve to be rich [14:00]

• Are US markets actually free? [21:30]

• U.S. markets compared to China, Russia, and Venezuela [27:00]

• Advantages of free markets [33:15]

• Dark side of free markets [41:00]

• Free markets in the real world [48:30]

• Supply and demand [52:30]

• What should government’s role be? [1:03:30]

• AirBnB as an example of government influence on free markets [1:08:30]