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Pass the Word
going to truly develop credible scholars. Because peers
are looking for cultural reference points at Harding
University, we say basically, a free, private enterprise
system is simply the idea of freedom applied to the
marketplace.
Communicating through the vehicle of the Belden
Center, Harding University passes the word that under
the American incentive system, the individual is indeed
free to earn his keep and keep what he earns. Perhaps
today too may people put too much emphasis on the
"free"
and too little emphasis on the
"enterprise."
"Free"merely
explains
''how"it
is accomplished (i.e.,
by free people) and
''private"
says
''by
whom"
it is
achieved (i.e., individuals and businesses in the private
sector).
Isn't it true that peoples' judgement on any subject
becomes no better than their information? Yes, if
ignorance paid dividends, most people could make a
fortune on what they don't know about economics.
Although peoples' wisdom on the subject should never
be underestimated, their knowledge should never be
overestimated. Not all economic education is private
enterprise education. Far from it.
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