This is a transcription of the last public speech given by Dr. Dale M. Haywood. Dr. Haywood taught economics and philosophy at Northwood University for almost four decades and was a founding member of the Mackinac Center's Board of Scholars. This speech describes why private property, a free market, a profit and loss system and limited government are necessary components for allowing people to prosper.
The Mackinac Center for Public Policy is a nonprofit research and educational institute that advances the principles of free markets and limited government. Through our research and education programs, we challenge government overreach and advocate for a free-market approach to public policy that frees people to realize their potential and dreams.
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