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If, by some miracle, free markets were allowed to function, we would pass through a couple of years of wrenching adjustments and economic hell that would produce a solid, economically rational foundation leading to a prolonged period of strong, sustainable economic growth. But then our children then would inherit a much more economically healthy future.

There is no economic pain-free utopia, but free markets will optimize wealth creation and minimize the jarring disruptions of inflation, deflation, recession, booms and busts that government intervention invariably produces.

Mark W. Hendrickson is an adjunct faculty member, economist and contributing scholar with The Center for Vision & Values at Grove City College.