Indeed, one's view of human freedom and virtue can affect how one views a "moral case for a free economy" and also the morality of governance.

People who are virtuous will see the market as a means, not an end. Their moral formation will impact their economic choices and the institutions (whether charitable, cultural or economic) they build. They will also understand the wisdom of Alexis de Tocqueville, who said: "Despotism may govern without faith, but liberty cannot.... How is it possible that society should escape destruction if the moral tie is not strengthened in proportion as the political tie is relaxed?" 

If we can achieve higher levels of morality, government can be easily limited.  The paradox is that if we cannot achieve a higher level of moral culture, this is all the more reason to limit the government, because those who govern are not immaculately conceived.

Yet, some who govern act as if they are "immaculately conceived." They may even have a stronger propensity to advocate for a kind of "government-commanded" capitalism.

This kind of "capitalism" is the most egregious because it enables the most politically powerful and politically well-connected to become the most economically powerful and to escape the disciplines of free competition.

Throughout American and European history, we have seen plenty of what is really "managerial capitalism" and "crony capitalism," witnessed their distorting effects upon markets, and how they cause people to misunderstand the true nature of truly free markets.

This is part of a three part interview with FR. Robert Sirico read parts Two and Three.