People think the free market is a philosophy, they think that it is a creed. It is none of those things. Free market is a bathroom scale, it is a measuring tape, it's simply a measurement.

Californians devised a system of electricity sales that ignored every dimension of the free market.

There is no free market for oil.

People say free trade causes dislocation. In actual fact, it's the lowering of trade barriers that causes the dislocation.

Global warming is a fact. Now it's up to liberals to make it a reality. Hence there is crucial importance in preventing powerful, greedy free market forces from getting in the way of worsening storms and rising sea levels. The Kyoto Accord is a good first step.

Globalization is simply opening the free marketplace to encompass the entire world.