“Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.” PeopleWantPhilosophyProblemGovernmentPoliticalProtectEconomicsConsumersUrgent Author:Milton Friedman
“The main purpose of advertising is to undermine markets. If you go to graduate school and you take a course in economics, you learn that markets are systems in which informed consumers make rational choices. That's what's so wonderful about it. But that's the last thing that the state corporate system wants. It is spending huge sums to prevent that.” IfsWantStatesSchoolLastsPurposeChoicesCoursesWonderfulHugeEconomicsSpendingRationalAdvertisingConsumersCorporateGraduatesGraduate School Author:Noam Chomsky
“The real struggle between an American government and the people was one of power, which was settled when they designed their Constitution, which conceded the sovereignty of the people when it came to politics, and the sovereignty of the consumer when it came to economics.” PeopleRealWisdomGovernmentPoliticsStruggleEconomyEconomicsConstitutionConsumersLiberalismSovereigntyAmerican GovernmentConceded Author:Ndabaningi Sithole
“Where is the pricing system that offers the consumer a fair choice between air to breathe and motor cars to drive about in?” ChoicesAirCarOffersFairsEconomicsBreatheConsumersMotorPricingMotor Cars Book:Contributions to Modern Economics Source: Contributions to Modern Economics
“Neoclassical economics insists that advertising cannot force consumers to buy anything they don't already want to buy.” WantForceEconomicEconomicsAdvertisingConsumersAdvertising Agencies Author:Christopher Lasch
“The direction of all economic affairs is in the market society a task of the entrepreneurs. Theirs is the control of production. They are at the helm and steer the ship. A superficial observer would believe that they are supreme. But they are not. They are bound to obey unconditionally the captain's orders.” PeopleShouldBelieveOrderPoorQualityLibertyRichEconomicEconomicsTasksEntrepreneurBoundsAffairDetermineProductionsSupremeShipsConsumersQuantityCaptainsSuperficialPoor PeopleObserversRich PeopleSteersHelm Author:Ludwig von Mises
“The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.” MenShouldCommonQualityLibertyEconomicEconomicsDetermineConsumersBuyingQuantitySovereignCommon ManAbstentionQuantity And Quality Book:Anti-Capitalistic Mentality, The Source: Anti-Capitalistic Mentality, The
“Wealth comes from successful individual efforts to please one's fellow man ... that's what competition is all about: "outpleasing" your competitors to win over the consumers.” MenWinningIndividualWealthEffortLibertySuccessfulPleaseEconomicsFellowsCompetitionLibertarianConsumersLibertarianismCompetitorsFellow ManIndividual EffortSuccessful Individuals Author:Walter E. Williams
“The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.” WorldHomeExistenceDangerSourceProtectEconomicsTradeSellsCompetitionProtectionAlternativesConsumersProtectedMonopolyFree TradeSellers Author:Milton Friedman
“Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed.” PeopleMayMeanResultsRolesProgressEconomicAchieveHigherGainsAdvantageEconomicsCompetitionProsperityProductivitySecureEnjoyedConsumersEconomic Progress Author:Ludwig Erhard
“[The taxing power of the state] divides the community into two great classes: one consisting of those who, in reality, pay the taxes and, of course, bear exclusively the burden of supporting the government; and the other, of those who are the recipients of their proceeds through disbursements,and who are, in fact, supported by the government; or, in fewer words, to divide it into tax-payers and tax-consumers. But the effect of this is to place them in antagonistic relations in reference to the fiscal action of the government and the entire course of policy therewith connected.” TwoStatesPhilosophyFactsRealityGovernmentActionPoliticalCoursesCommunityPayClassEffectsPolicyBearsTaxesEconomicsRelationBurdenConnectedConsumersDividesFewer Author:John C. Calhoun
“What does a tax do? It takes either from the producer or the consumer a more or less sizable portion of the product destined in part to consumption and in part to savings, in order to apply it to less productive or even destructive ends, and more rarely to savings.” DoeEndsPhilosophyPoliticalOrderProductsTaxesEconomicsProducersSavingConsumersDestructiveProductivePortionsConsumptionDestinedSavings Author:Gustave de Molinari
“Protectionism, socialism, all varieties of state favoritism and restrictions on competition, and the growth of bureaucracy and jobbery were the means by which special interests sought to exploit the public, the great mass of consumers and taxpayers.” MeanStatesPhilosophyPoliticalGrowthInterestSpecialMassEconomicsCompetitionSocialismVarietyConsumersBureaucracyExploitsRestrictionTaxpayersSpecial InterestsProtectionismFavoritism Author:Ralph Raico
“If the people are led to believe that scarce resources are best channeled in a direction that producers and consumers would not choose on their own, the result must necessarily be central planning.” PeopleIfsBelievePhilosophyPoliticalResultsResourcesEconomicsPlanningProducersConsumersScarceCentral PlanningScarce Resources Book:Fascism versus Capitalism Source: Fascism versus Capitalism
“This, by the way, is the welfare state in action: Its a whole bunch of special interest groups screwing consumers and taxpayers, and making them think they're really benefiting.” ThinkingWayStatesPhilosophyWholeActionPoliticalInterestGroupsSpecialEconomicsBunchConsumersWelfareTaxpayersSpecial InterestsWelfare StateInterest GroupsSpecial Interest Groups Author:Murray Rothbard
“There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.” StatesTodaySidesGrowthChallengesLevelsUnitedCasesUnited StatesEconomyEconomicEffectsSeriousProtectProveSmartEconomicsFinancialSpendingFinanceConsumersInvestorsDeclineCollapseEconomic GrowthMagnetSide EffectsCentral BanksMacroeconomicsStock Price Author:Ben Bernanke
“The primary reason for a tariff is that it enables the exploitation of the domestic consumer by a process indistinguishable from sheer robbery.” ReasonProcessEconomicsLibertarianPrimariesConsumersSheerExploitationRobberyTariffs Author:Albert J. Nock
“Metaphor isn't just a fancy turn of speech. It shapes our thoughts and feelings, reaches out to grasp new experience, and even binds our five disparate senses. James Geary's fascinating and utterly readable I is an Other brings the news on metaphor from literature and economics, from neuroscience and politics, illuminating topics from consumer behavior to autism spectrum disorders to the evolution of language. As a writer, as a teacher, and as someone just plain fascinated by how our minds work, I've been waiting years for exactly this book.” YearsMindBookFeelingsTurnsLiteratureLanguageWaitingFiveTeacherEvolutionShapesSpeechBehaviorNewsEconomicsMetaphorSensesConsumersFancyFascinatingDisorderFascinatedReach OutAutismOur ThoughtsTopicsNeuroscienceSpectrumThoughts And FeelingsNew ExperiencesIlluminatingEvolution Of Language Author:James Richardson
“According to the Institute for International Economics, trade barriers cost American consumers $80 billion a year or more than $1,200 per family.” YearsCostEconomicsTradeInternationalBillionsConsumersBarriersInstitute Author:Walter E. Williams