Over the weekend I came across a recent speech given by hedge fund billionaire Stanley Druckenmiller that really lays out the pitiful state of free markets around the world.

Druckenmiller gave the speech a few months ago upon receiving the 2018 Alexander Hamilton award– which is given to a figure that best carries out the spirit of one of America's Founding Fathers.

The Alexander Hamilton Institute promotes free markets, free trade and limited government.

And Druckenmiller's speech below is an excellent discussion of where our economy stands today and how government intervention is grossly distorting the economy– not just in the US, but around the world.

I couldn't agree more with his sentiment. I've edited the piece for length, so this is just a series of excerpts. But there's a link to the full speech at the bottom:

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Can we try capitalism? Real capitalism. Give it a chance.

Not the increasingly bastardized version we have been practicing the last two decades.