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The truth about economic freedom and how markets work

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A couple of years ago, President Obama, speaking on the economy, told an audience in Osawatomie, Kan.: "'The market will take care of everything,' they tell us. ... But here's the problem: It doesn't work. It has never worked. ... I mean, understand, it's not as if we haven't tried this theory." To believe what the president and many others say about the market's not working requires that one...

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