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  1. Economic freedom, or economic liberty, is the ability of people of a society to take economic actions. This is a term used in economic and policy debates as well as in the philosophy of economics . [1] [2] One approach to economic freedom comes from the liberal tradition emphasizing free markets , free trade , and private property under free enterprise.

  2. Lyndon B. Johnson had been a New Deal Democrat in the 1930s and by the 1950s had decided that the Democratic Party had to break from its segregationist past and endorse racial liberalism as well as economic liberalism. Johnson rode the enormous wave of sympathy for the assassinated predecessor.