What is Supply-side Economics Market Freedom?

Markets must be allowed to work more freely and steps taken to improve this efficiency by:

1. freeing them from government controls (e.g. income policy, minimum wage regulations, pricing policies of the nationalized industries);

2. promoting competition;

3. restricting the power of trade unions;

4. the privatization program;

5. introducing competition in the natural monopolies by new devices;

6. removing institutional barriers in the capital market (e.g. exchange control, the Stock Exchange);

7. using the rate of interest (the price of liquid capital) as the main weapon for adjusting aggregate demand.