Quotes About Free markets

With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets.

but the truth was just the opposite: advances in economics over the past seventy years had identified the limits of free markets. Of course, anyone with open eyes could have seen this for themselves: episodic unemployment, sometimes massive, as in the Great Depression and pollution so bad in some places that air was unbreathable were just the two most obvious "proofs" that markets on their own don't necessarily work well.

Hank Paulson, the happy capitalist warrior who spent his life pursuing and defending free markets, is now the biggest interventionist Treasury secretary we've had since the Great Depression.

Remember, aid cannot achieve the end of poverty. Only homegrown development base on the dynamism of individuals and firms in free markets can do that.

This translates into a hypothesis about actually existing capitalism: that the more it is structured and organized according to this utopian liberal or neoliberal vision, the greater the class inequalities. And there is, it goes without saying, plenty of evidence to support the view that the rhetoric of free markets and free trade and their supposed universal benefits to which we have been subjected these past thirty years have produced exactly the result that Marx would expect:

Marx's critique of free markets and free trade can shed as much devastating light on our own actually existing capitalism as it did for the capitalism of Marx's own time and place.

I prefer for government to err toward less regulation, lower taxation, and free markets. And I'm a radical free trader.

Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That's how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them.

I'd like to talk about free markets. Information in the computer age is the last genuine free market left on earth except those free markets where indigenous people are still surviving. And that's basically becoming limited.

The pillars of classical liberalism call for flat taxes, with revenues put to limited uses; strong property rights; and free markets.

With Anglo-American capitalism increasingly under attack, those who believe in the power of free markets and enterprise to create wealth and social progress must stand up and be counted and champion our way of life.

The American political scientist Francis Fukuyama has argued that liberal democracies, with their political freedom and economic success, have three important pillars: a strong government, the rule of law, and democratic accountability. I would add a fourth: free markets.

Most people who voted for Trump and Brexit didn't reject the liberal package in its entirety –they lost faith mainly in its globalising part. They still believe in democracy, free markets, human rights and social responsibility, but they think these fine ideas can stop at the border.

capitalism too began as a very open-minded scientific theory but gradually solidified into a dogma. Many capitalists keep repeating the mantra "free markets and economic growth" irrespective of realities on the ground. No matter what awful consequences occasionally result from modernization, industrialization, or privatization, capitalist true believers dismiss them as mere "growing pains" and promise that everything will be made good through a bit more growth.

By the early 1990s, thinkers and politicians alike hailed "the End of History," confidently asserting that all the big political and economic questions of the past had been settled and that the refurbished liberal package of democracy, human rights, free markets, and government welfare services remained the only game in town.

The great Enlightenment principles of modernity—liberalism, secularism, rationality, equality, free markets—do not provide the kind of tribal group identity that human beings crave and have always craved. They have strengthened individual rights and individual liberty, created unprecedented opportunity and prosperity, transformed human consciousness, but they speak to people as individuals and as members of the human race, whereas the tribal instinct occupies the realm in between.

When the Soviet Union fell, optimistic scholars believed the world had shifted inexorably in the direction of free markets and liberal democracy. Instead, the West gradually embraced bigger government and weaker social bonds, creating a fragmented society in which the only thing we all belong to, as President Barack Obama puts it, is the state.

In the Republican Party, we talk all the time about the importance of free markets and open competition. It seems to me that if we don't practice what we preach, we won't have much credibility with others.

Whenever there has been a debate on the national stage, nobody has had to go looking to find me. I've been there. Always making the argument for free markets, first principles, and limited government.

There are good people and bad people in all organizations fundamentally however, when you look at the basis of the Tea Party it has nothing to do with race. It has to do with an economic recovery. It has to do with limiting the role of our government in our lives. It has to do with free markets.

And the Tea Party represents many of us who believe that we are taxed enough already. We believe in free markets.

While free markets tend to democratize a society, unfettered capitalism leads invariably to corporate control of government.

Why did so many smart people believe these laissez-fairey tales? It's a good question. Some of the blame surely goes to the excessive faith in free markets that was the elixir of the day. Some goes to economists who believed and extolled the efficient markets hypothesis—and taught it to their students, many of whom wound up as financial engineers on Wall Street.

You look at something like Russia, or you look at something like China, where you actually allow free markets to go in. And you haven't seen the change that we, in the western world, would probably like. You still have a bit of a dictatorship - some people would say more than a bit of a dictatorship - in Russia and in China.