how do you define economic freedom the freedom to keep what you have the freedom to spend your money as you wish the freedom to make your own economic decisions the freedom to buy own and resell property what is economic freedom what are economic rights if you look at economic freedom as a matter of having the liberty to do make and spend money without state interference american liberalism is pretty far from it with american conservative orbiting little closer american government is rife with policies designed to encourage or punish specific economic behavior with taxation we don't want people to smoke so we tax the hell out of cigarettes is that economic liberty we want people to own property rather than rent so we let homeowners write off interest but not renters is it economic freedom that people who can't afford a home or who have poor credit are punished by not being able to write off part of their domicile expense no neither philosophy even remotely resembles economic freedom by any conventional definition both abuse the power of government to try to manage the economy influence the economic behavior of citizens and encourage and discourage specific personal decisions based on a code of morality unique to each philosophy