The best aspects of our economic backbone in America is the free market. It inspires individuals to work hard and also be smart with their investments, it keeps us from becoming communists and it keep the money circulating, people employed, and children fed. Also, the free market has the ability to adjust itself to things like inflation etc.
For example the housing market, a lot of lenders gave adjustable rate mortgages to buyers who normally wouldnt qualify for a loan, this meant more people buying houses and more expensive houses being sold, it peaked and now that the intirest rate is up so these peoples monthly payments have doubled and they are now defaulting on their loans, and mortgage companies are going out of business and these houses are being foreclosed on and being set back out into the market. Just an adjustment.
Without a free market the government would have to watch trends and scrutinize thing more so that they could make the adjustments to the market, and as we all know micromanaging when done by a beaurocracy is expensive and unproductive, look at LAUSD.
