The free market is what made the United States a capitalist nation. Free markets allow people to own and run their own businesses, set the prices of retail items, and produce efficiently. The United States' economy is based on the dollar. The Federal Reserve currently sets certain interest rates, but some free-market advocates seek to end this practice and let the market set interest rates instead. Ayn Rand, a famous Russian-American author and philosopher, wrote several books that illustrate the virtues of capitalism and show how socialism and communism are destructive. Here are some helpful resources that contain more information about the free market and why it is so important:
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