"The essence and the glory of the free market is that individual
firms and businesses, competing on the market, provide an ever-changing
orchestration of efficient and progressive goods and services: continually
improving products and markets, advancing technology, cutting costs, and
meeting changing consumer demands as swiftly and as efficiently as possible.
The libertarian economist can try to offer a few guidelines on how
markets might develop where they are now prevented or restricted from
developing; but he can do little more than point the way toward freedom, to
call for government to get out of the way of the productive and ever-inventive
energies of the public as expressed in voluntary market activity. No one can
predict the number of firms, the size of each firm, the pricing policies, etc.,
of any future market in any service or commodity. We just know—by economic
theory and by historical insight—that such a free market will do the job
infinitely better than the compulsory monopoly of bureaucratic government."
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