We are in the midst of a pandemic. All non-essential businesses and services are shut down. We've never quite been through something like this, at least in our lifetimes. Besides the huge concern of physical safety and taking steps to help minimize the risk of catching this novel coronavirus (COVID-19), we face a large, looming financial crisis for our entire country. Today we talk with a professor of economics who teaches at Grove City College, and writes for mises.org. Further, his writings have appeared in The Institute for Faith Freedom: https://www.faithandfreedom.com/. Our guest first reviews the foundations of a Free Market system. What characterizes it? Is it regulated and if so, how and by whom? Next we discuss some ripple effects of this shutdown. Participants: Dr. Shawn Ritenour, Dan Elmendorf