The free market did not cause our economic problems
The free market system is what has enabled us to see just how erroneous the so-called "sub-prime loans" really were.
Rather than causing the housing fore-closures, the free market has exposed the fact that irrational speculative contracts are not in anyone’s best interests, whether buyer or seller!
The free market, however, becomes the boogey-man for economic problems and economic woes, largely because it is not easy to understand. This leads millions of citizens to listen to socialistic "solutions" that almost always make the problem much worse, in the long run.
We have a Homestead Act in Texas, and I think that this is a good thing. Home ownership is a good thing.
So, it is possible that limited government actions could help home-owners, even if some chose contracts that were not wise for their income level.
But, the free market is not the blame. What is to blame is a lack of credible financing of homes brought about by unrealistic contracts, whether you are more critical of the mortgage companies, or more so of the consumer.
Either way, the free market is the good guy!
The free market has the capacity to lead us to universally affordable access to healthcare, too. It is not happening overnight, but the error is not the free market system at all!
This is the irony of Hillarycare and Obamacare! Obama’s plan is not as coercive as Clinton’s, but is still just as much of a departure from wise and intelligent healthcare reform principles as "flexible mortgage rates" have been in the housing market!
The free market ideas for healthcare affordability include medical savings accounts, to name only one.
Before you write it off as only useful for rich people, compare it to what we commonly know about the advantages of home ownership, which is still one of the most coveted movements out of poverty into the middle class. (This is not true, of course, without a stable fixed interest rate, but it is clearly true for all who have a stable fixed interest rate.)
What we have learned in the generally positive experience of home ownership (until the debilitating crisis caused by irrational financing schemes) should be applied to a reasonable goal of making a medical savings account the normal benefit for every individual American, with inexpensive provisions for catastrophic illness.
Competition will make it inexpensive for healthy young people.
The free market INVITES participation, rather than granting federal agents the power to coerce people to purchase a government-approved policy. The problem with the current mania to surrender the healthcare profession to the federal beaurocrats is that there is utterly no distinction between the people who do not have healthcare policies because of personal economic preference and people who desperately want a policy but cannot afford one.
For those who desperately want a policy, and do not earn enough money to afford a good healthcare policy, we can and should find free market measures through the cooperation of healthcare professionals and goodwill agencies to provide working people with healthcare subsidies, tailored to cover the amount of the comparable cost of a policy that a working family cannot afford.
Businesses which contribute to such a private social agency program, and thereby meet a pressing social need, should be granted generous tax breaks.
For those who can afford a healthcare policy, but refrain because they rightfully believe in their constitutional freedom to control their own money, we should do nothing at all to contradict their legitimate personal choice.
Some have argued that allowing anyone to go without any kind of policy is like allowing the privilege of driving without automobile insurance. I don’t see it that way, personally. The LESS we let the government dictate, and the more that we trust the free market to create solutions, the sooner we will see most Americans having a stable and reliable healthcare plan.
Those who are working and cannot afford a good healthcare plan deserve studied help which pulls together the business community, the healthcare industry, and agencies of goodwill.
For citizens who can afford a policy, but do not want one, encouragement through competition is the free market way to go.
Please do not allow solvable human problems to be blamed on the free market, and made worse by professional politicians, who only think in short-term election cycles!