From the Greek paideia, meaning "education" or "child-rearing" (from paidos meaning "child"), FreedomPedia aims to educate others, children or adults, about freedom (eleutheria, in case you were wondering) and a variety of freedom-related topics. The main goal is to document how the Voluntary Society has worked in the past, works in the present and will continue to work and generally benefit all its participants in the future. A secondary objective is to contrast how the Coerced Society fails to benefit but a few of its members.
Today's Featured Article
- Free market:
A free market is a system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly or other authority. It is a result of a need being, then the need being met. A free market contrasts with a regulated market, in which government intervenes in supply and demand through non-market methods such as laws creating barriers to market entry or price fixing. In a free-market economy, prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy, and it typically entails support for highly competitive markets and private ownership of productive enterprises.