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Economics Quotes

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Economics Quotes

“Underlying most arguments against the free market is a lack of belief in freedom itself.”

Belief Freedom Liberty Capitalism Economics Argument Libertarian Libertarianism Free Market Market Economy Economic Freedom Free Market Capitalism Free Economy

Book:Capitalism and Freedom: Fortieth Anniversary Edition

Source: Capitalism and Freedom: Fortieth Anniversary Edition

“The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”

Important Facts Freedom Party Business Economy Benefits Economics Investing Partnership Free Market Market Economy Free Market Capitalism Economy And Economics Free Economy

Author:Milton Friedman

“The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.”

People Way Government Black Freedom Economy Economics Opening Working It Free Market Enabling Opening Up Market Economy Free Market Capitalism

Author:Milton Friedman

“The barriers that renewables and efficiency face come less from our living in a capitalist market economy and more from not taking market economics seriously.”

Faces Economy Economics Barriers Capitalist Efficiency Market Economy

Author:Amory Lovins

“I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.”

“The libertarian creed...offers the fulfillment of the best of the American past along with the promise of a far better future. Libertarians are squarely in the great classical liberal tradition that built the United States and bestowed on us the American heritage of individual liberty, a peaceful foreign policy, minimal government, and a free-market economy.”

“Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.”

Ifs Want Mean Use Wisdom Decision Knowledge Economy Resources Economics Property Efficiency Free Market Effectiveness Private Property Market Economy Free Market Capitalism Economy And Economics

Author:Milton Friedman

“The socialism of centralised state control of industry and production, is dead. It misunderstood the nature and development of a modern market economy. It failed to recognise that the state and public sector can become a vested interest capable of oppression as much as the vested interests of wealth and capital. it was based on a false view of class that became too rigid to explain or illuminate the nature of class division today.”

Source: Tony Blair in His Own Words

“If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.”

Ifs Government Values Results Economy Economic Paper Economics Gold Dollars Credit Manage Damage Pounds Tickets Dominant Inflation Calculations Market Economy Cripples Suppliers

Author:Murray Rothbard

“It is particularly odd that economists who profess to be champions of a free-market economy, should go to such twists and turns to avoid facing the plain fact: that gold, that scarce and valuable market-produced metal, has always been, and will continue to be, by far the best money for human society.”

Should Humans Facts Turns Economy Economics Gold Valuable Odd Champion Metals Economist Twists Free Market Scarce Human Society Market Economy Best Money Twists And Turns

Author:Murray Rothbard

“In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the price of apples or coal. And it is for that reason, rather than the practical details, that the broader political movement of which the demand for a living wage is the leading edge is ultimately doomed to failure: For the amorality of the market economy is part of its essence, and cannot be legislated away.”