In today's blog, we'll explore the key differences between free markets and economic liberalism. While both concepts advocate for minimal government intervention, free markets focus on the unrestricted exchange of goods and services, allowing supply and demand to dictate prices. Economic liberalism, on the other hand, emphasizes individual freedom and property rights, promoting open competition and limited government control. Though they share similarities, it's important to recognize that economic liberalism encompasses a broader range of ideas that go beyond just market operations. Understanding these distinctions can help us better appreciate the foundations of our modern economic systems.