Freeman

ANYTHING PEACEFUL

Obama "believes" in the Free Market

FEBRUARY 25, 2010 by PAUL CWIK

Yesterday, it was reported (see here) that Obama claimed his programs were not socialist.  Furthermore he said, “Contrary to the claims of some of my critics, I am an ardent believer in the free market.” 

Since the Clinton years, I have had to read such pronouncements through the lens of a lawyer.  In particular I noticed that he did not say that he supports the free market.  Rather he said that he believes in the free market.  Well, I believe in Cuba and North Korea, but that doesn’t mean that I support either regieme.

I find his word choice very deliberate.  Do you?

ABOUT

PAUL CWIK

Paul Cwik is a professor of economics at Mount Olive College. He earned a B.A from Hillsdale College, Michigan, an M.A. from Tulane University in Louisiana, and a Ph.D. from Auburn University in Alabama.

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