With economics, sometimes we need to look back to see forward

In the last five years, we’ve seen a booming housing market come to a screeching halt and a stock market crash. The economic recession has taken its toll on a number of private industries, as well as the public sector. There are those who feel growing government and increasing regulation is the solution to the problem these people call capitalism.

Let’s go back in time to get an expert’s view on the free market economy and how it can be revitalized:

1980 Phil Donahue Interview with Economist Milton Friedman

Mr. Friedman, a world-renowned economist, made some very good points about an intrusive and controlling government’s traditional effects on capitalism – crippling and counterproductive. Even in this day-in-age, when small businesses continue to struggle every day to retain and grow employment, and keep up the fight for the American dream, there are still folks who believe that big government can solve all of our problems.

Let’s go back even further…

“You cannot bring about prosperity by discouraging thrift.

You cannot strengthen the weak by weakening the strong.

You cannot help small men by tearing down big men.

You cannot help the wage-earner by tearing down the wage-payer.

You cannot further the brotherhood of mankind by encouraging class hatred.

You cannot help the poor by destroying the rich.

You cannot establish sound security on borrowed money.

You cannot keep out of trouble by spending more than you earn.

You cannot build character and courage by taking away man’s initiative.

You cannot help man permanently by doing for them

What they could do and should do for themselves.”

That’s from our famous 16th President of the United States, Abraham Lincoln.

History shows that the free market, when allowed to be truly free, can and will flourish. The future is in our hands and organizations like the Accelerator are at your fingertips.

We’re here to encourage capitalism and provide a stepping stone to entrepreneurial success. Feel free to visit our website for more info on our early-stage innovators and how we can help you achieve the American dream!

Embrace capitalism and enjoy prosperity!

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