Free-market in the context of "Regulated market"

Ronald Ernest Paul (born August 20, 1935) is an American author, activist, medical doctor, and politician who served as the U.S. representative for Texas's 22nd congressional district from 1976 to 1977, and again from 1979 to 1985, as well as for Texas's 14th congressional district from 1997 to 2013. On three occasions, he sought the presidency of the United States, first as the Libertarian Party nominee in 1988, and then as a candidate for the Republican Party in 2008 and 2012.

A self-described constitutionalist, Paul is a critic of several of the federal government's policies, especially the existence of the Federal Reserve and tax policy, as well as the military–industrial complex, the war on drugs, and the war on terror. He has also been a vocal critic of mass surveillance policies such as the Patriot Act and the NSA surveillance programs. In 1976, Paul formed the Foundation for Rational Economics and Education (FREE), and in 1985 was named the first chairman of the conservative PAC Citizens for a Sound Economy, both free-market groups focused on limited government. He has been characterized as the "intellectual godfather" of the Tea Party movement, a fiscally conservative political movement started in 2007 and popularized in 2009 that is largely against most matters of interventionism.

Incomes policies in economics are economy-wide wage and price controls, most commonly instituted as a response to inflation, and usually seeking to establish wages and prices below free-market level. Incomes policies have often been resorted to during wartime. During the French Revolution, "The Law of the Maximum" imposed price controls (by penalty of death) in an unsuccessful attempt to curb inflation, and such measures were also attempted after World War II. Peacetime income policies were resorted to in the U.S. in August 1971 as a response to inflation. The wage and price controls were effective initially but were made less restrictive in January 1973, and later removed when they seemed to be having no effect on curbing inflation. Incomes policies were successful in the United Kingdom during World War II but less successful in the post-war era.

Market anarchism is the branch of anarchism that advocates a free-market economic system based on voluntary interactions without the involvement of the state; a form of individualist anarchism.

Due to contending definitions of the terms 'markets' and 'capitalism' which are not used by free-market anti-capitalists, anarcho-capitalism has been referred to synonymously as "free-market anarchism," but the ideologies differ significantly. The Center for a Stateless Society (C4SS), which Kevin Carson is associated with, is one such group of free-market anti-capitalists. As is Samuel Edward Konkin III's agorism, a tendency associated with left-libertarianism.

Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown entity published a white paper under the pseudonym of Satoshi Nakamoto. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation. From 2021 to 2025, El Salvador adopted it as legal tender currency before revoking it. As bitcoin is pseudonymous, its use by criminals has attracted the attention of regulators, leading to its ban by several countries.

Bitcoin works through the collaboration of computers, each of which acts as a node in the peer-to-peer bitcoin network. Each node maintains an independent copy of a public distributed ledger of transactions, called a blockchain, without central oversight. Transactions are validated through the use of cryptography, preventing one person from spending another person's bitcoin, as long as the owner of the bitcoin keeps certain sensitive data secret.

Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation's government can use to regulate flows from capital markets into and out of the country's capital account. These measures may be economy-wide, sector-specific (usually the financial sector), or industry specific (e.g. "strategic" industries). They may apply to all flows, or may differentiate by type or duration of the flow (debt, equity, or direct investment, and short-term vs. medium- and long-term).

Types of capital control include exchange controls that prevent or limit the buying and selling of a national currency at the market rate, caps on the allowed volume for the international sale or purchase of various financial assets, transaction taxes such as the proposed Tobin tax on currency exchanges, minimum stay requirements, requirements for mandatory approval, or even limits on the amount of money a private citizen is allowed to remove from the country. There have been several shifts of opinion on whether capital controls are beneficial and in what circumstances they should be used. Capital controls were an integral part of the Bretton Woods system which emerged after World War II and lasted until the early 1970s. This period was the first time capital controls had been endorsed by mainstream economics. Capital controls were relatively easy to impose, in part because international capital markets were less active in general. In the 1970s, economic liberal, free-market economists became increasingly successful in persuading their colleagues that capital controls were in the main harmful. The US, other Western governments, and multilateral financial institutions such as the International Monetary Fund (IMF) and the World Bank began to take a critical view of capital controls and persuaded many countries to abandon them to facilitate financial globalization.

The Estonian Reform Party (Estonian: Eesti Reformierakond) is a liberal political party in Estonia. The party has been led by Kristen Michal since 2024. It is colloquially known as the "Squirrel Party" (Estonian: Oravapartei) or as "the Squirrels" (Estonian: oravad), referencing its logo.

It was founded in 1994 by Siim Kallas, then-president of the Bank of Estonia, as a split from Pro Patria National Coalition Party. As the Reform Party has participated in most of the government coalitions in Estonia since the mid-1990s, its influence has been significant, especially regarding Estonia's free-market and low-taxation policies. The party has been a full member of Liberal International since 1996, having been an observer member between 1994 and 1996, and a full member of the Alliance of Liberals and Democrats for Europe (ALDE). Reform Party leaders Siim Kallas, Taavi Rõivas, Andrus Ansip, Kaja Kallas and Kristen Michal have all served as prime ministers of Estonia. From 11 March 2025, the party has been the senior member in a coalition government with Estonia 200.