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Markets Quotes

Browse 149 quotes about Markets.

Markets Quotes

“Once you understand the economics of the Austrian School and the philosophy of liberty in the tradition of Rothbard, you never look at anything – not the state, the media, the central bank, the political class, nothing – the same way again.”

GovernmentPoliticsFreedomLibertyCapitalismEconomicsLibertarianAnarchyFreeFree MarketCoercionFree TradeStatismVoluntaryismMarketsNon Aggression PrincipleAncapAnarcho CapitalismAustrian School Of Economics
Author:Llewellyn H. Rockwell Jr.
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“In fact quite generally, commercial advertising is fundamentally an effort to undermine markets. We should recognize that. If you’ve taken an economics course, you know that markets are supposed to be based on informed consumers making rational choices. You take a look at the first ad you see on television and ask yourself … is that it’s purpose? No it’s not. It’s to create uninformed consumers making irrational choices. And these same institutions run political campaigns. It’s pretty much the same: you have to undermine democracy by trying to get uninformed people to make irrational choices.”

PoliticsAdvertisingPropagandaRationalityMarketsIrrationalityBehavioral EconomicsInformed Decisions
Book:The Kind of Anarchism I Believe in, and What's Wrong with Libertarians
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“Surely little remained of the Puritan legacy of prudish rectitude, he thought: surely this was now a country of excess, gluttony, lust, and sloth; surely this had grown into a land where obesity reigned and even the poor moved ponderously down the street on big thighs that rubbed fatly together. What had become of the pilgrims' gaunt and stingy oversight? He knew in part it was the visionary genius of enterprising men, but such entrepreneurs were only the tools of a hungry culture. For the descendants of those gray, upright pioneers had cherished cravings for beef patties with ketchup, deep-fried chicken and vats of ice cream, chemically scented and dyed all the colors of the rainbow, and billions upon billions of gallons of soda. Their thirst had never been quite slaked and so they never finished drinking; and this was the market in all its streamlined functionality—which, precisely where the supply and the demand curves crossed, had swiftly produced a nation of paralyzed giants, fallen across their couches much as soldiers on the field of battle, their arteries hard, their softened hearts failing. The market made a fool of you by giving you what you wanted. But this did not make him resent it; it merely earned his respect. From the day you were born you were called upon to discern what to choose.”

AmericaExcessRestraintMarketsGluttonyJunk FoodEntrepreneursSupply And DemandPuritanism
Book:How the Dead Dream
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“Below us was a frozen lake. It was perfectly round, a great gleaming eye in which the moon and stars were mirrored. Lanterns glowing the same cold white as the aurora dangled from the lake's edge to a scattering of benches and merchant-stands, draped in bright awnings of opal and blue. Delicious smells floated on the wind---smoked fish; fire-roasted nuts and candies; spiced cakes. A winter fair.* * Outside of Russia, almost all known species of courtly fae, and many common fae also, are fond of fairs and markets; indeed, such gatherings appear in stories as the interstitial spaces between their worlds and ours, and thus it is not particularly surprising that they feature in so many encounters with the Folk. The character of such markets, however, varies widely, from sinister to benign. The following features are universal: 1) Dancing, which the mortal visitor may be invited to partake in; 2) A variety of vendors selling foods and goods which the visitor is unable to recall afterwards. More often than not, the markets take place at night. Numerous scholars have attempted to document these gatherings; the most widely referenced accounts are by Baltasar Lenz, who successfully visited two fairs in Bavaria before his disappearance in 1899.”

FairsWinterFaeriesMarketsMagical RealmFootnoteGatherings
Book:Emily Wilde's Encyclopaedia of Faeries
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“Markets are voting machines; they function by taking referenda. In the new world money market, for example, currency values are now decided by a constant referendum of thousands of currency traders in hundreds of trading rooms around the globe, all connected to each other by a vast electronic network giving each trader instant access to information about any factor that might affect values. That constant referendum makes it much harder for central banks and governments to manipulate currency values.”

RegulationMarkets
Author:Walter B. Wriston
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“A trader needs to be highly skilled and extremely lucky to beat the market consistently. If a trader is highly skilled but not lucky enough or extremely lucky but modestly skilled, he will beat the market occasionally but not consistently. Traders that are modestly skilled and modestly lucky will briefly beat the market but will be behind the market most of the time. Everybody else will lose money on a long-term basis, that is, 90% of the traders.”

LuckInvestingTradingTradersMarketsTrading PsychologyProbabilitiesInvestor
Author:Naved Abdali
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“As a consumer an individual expresses “personal or self-regarding wants and interests”; as a citizen she expresses her “judgements about what is right or good”. The mistake of market approaches to environmental problems is that they transform an issue that requires public deliberation by citizens into one to be resolved by consumer preferences. The market responds only to those preferences that can be articulated through acts of buying and selling. Hence the interests of the commercially inarticulate, both those who are contingently so (the poor) and those who are necessarily so (future generations and non-humans) cannot be adequately represented.”

MarketsEnvironmental Problems
Author:John O'Neill
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“The rise of Robber Barons and their monopoly trusts in the late nineteenth and early twentieth centuries underscores that, as we already emphasized in chapter 3, the presence of markets is not by itself a guarantee of inclusive institutions. Markets can be dominated by a few firms, charging exorbitant prices and blocking the entry of more efficient rivals and new technologies. Markets, left to their own devices, can cease to be inclusive, becoming increasingly dominated by the economically and politically powerful. Inclusive economic institutions require not just markets, but inclusive markets that create a level playing field and economic opportunities for the majority of the people. Widespread monopoly, backed by the political power of the elite, contradicts this. But the reaction to the monopoly trusts also illustrates that when political institutions are inclusive, they create a countervailing force against movements away from inclusive markets. This is the virtuous circle in action. Inclusive economic institutions provide foundations upon which inclusive political institutions can flourish, while inclusive political institutions restrict deviations away from inclusive economic institutions. Trust busting in the United States, in contrast to what we have seen in Mexico illustrates this facet of the virtuous circle. While there is no political body in Mexico restricting Carlos Slim’s monopoly, the Sherman and Clayton Acts have been used repeatedly in the United States over the past century to restrict trusts, monopolies, and cartels, and to ensure that markets remain inclusive.”

InstitutionsMarketsMonopolies
Book:Why Nations Fail: The Origins of Power, Prosperity, and Poverty
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“Government as we now know it in the USA and other economically advanced countries is so manifestly horrifying, so corrupt, counterproductive, and outright vicious, that one might well wonder how it continues to enjoy so much popular legitimacy and to be perceived so widely as not only tolerable but indispensable. The answer, in overwhelming part, may be reduced to a two-part formula: bribes and bamboozlement (classically "bread and circuses"). Under the former rubric falls the vast array of government "benefits" and goodies of all sorts, from corporate subsidies and privileges to professional grants and contracts to welfare payments and health care for low-income people and other members of the lumpenproletariat. Under the latter rubric fall such measures as the government schools, the government's lapdog news media, and the government's collaboration with the producers of professional sporting events and Hollywood films. Seen as a semi-integrated whole, these measures give current governments a strong hold on the public's allegiance and instill in the masses and the elites alike a deep fear of anything that seriously threatens the status quo.”

PoliticsBeliefPeaceFreedomLibertyDemocracyCapitalismSlaveryTradeProsperityLibertarianSocialismAnarchyIrrationalFreeTaxationTheftTotalitarianismCoercionSuperstitionCollectivismStatismVoluntaryismMarketsLaissez FaireNon Aggression PrincipleEmpireSubjugationAustrian School Of EconomicsFree MarketsSelf OwnershipVoluntaryistUseful IdiotsCommuni
Author:Robert Higgs
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“We've been here three days already, and I've yet to cook a single meal. The night we arrived, my dad ordered Chinese takeout from the old Cantonese restaurant around the corner, where they still serve the best egg foo yung, light and fluffy and swimming in rich, brown gravy. Then there had been Mineo's pizza and corned beef sandwiches from the kosher deli on Murray, all my childhood favorites. But last night I'd fallen asleep reading Arthur Schwartz's Naples at Table and had dreamed of pizza rustica, so when I awoke early on Saturday morning with a powerful craving for Italian peasant food, I decided to go shopping. Besides, I don't ever really feel at home anywhere until I've cooked a meal. The Strip is down by the Allegheny River, a five- or six-block stretch filled with produce markets, old-fashioned butcher shops, fishmongers, cheese shops, flower stalls, and a shop that sells coffee that's been roasted on the premises. It used to be, and perhaps still is, where chefs pick up their produce and order cheeses, meats, and fish. The side streets and alleys are littered with moldering vegetables, fruits, and discarded lettuce leaves, and the smell in places is vaguely unpleasant. There are lots of beautiful, old warehouse buildings, brick with lovely arched windows, some of which are now, to my surprise, being converted into trendy loft apartments. If you're a restaurateur you get here early, four or five in the morning. Around seven or eight o'clock, home cooks, tourists, and various passers-through begin to clog the Strip, aggressively vying for the precious few available parking spaces, not to mention tables at Pamela's, a retro diner that serves the best hotcakes in Pittsburgh. On weekends, street vendors crowd the sidewalks, selling beaded necklaces, used CDs, bandanas in exotic colors, cheap, plastic running shoes, and Steelers paraphernalia by the ton. It's a loud, jostling, carnivalesque experience and one of the best things about Pittsburgh. There's even a bakery called Bruno's that sells only biscotti- at least fifteen different varieties daily. Bruno used to be an accountant until he retired from Mellon Bank at the age of sixty-five to bake biscotti full-time. There's a little hand-scrawled sign in the front of window that says, GET IN HERE! You can't pass it without smiling. It's a little after eight when Chloe and I finish up at the Pennsylvania Macaroni Company where, in addition to the prosciutto, soppressata, both hot and sweet sausages, fresh ricotta, mozzarella, and imported Parmigiano Reggiano, all essential ingredients for pizza rustica, I've also picked up a couple of cans of San Marzano tomatoes, which I happily note are thirty-nine cents cheaper here than in New York.”

RestaurantsShopsPizzaMarketsPittsburghGrocery Shopping
Book:Aftertaste: A Novel in Five Courses
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“The focus on the market has made most economists neglect vast areas of our economic life, with significant negative consequences for our well-being. The neglect of production at the expense of exchange has made policy-makers in some countries overly complacent about the decline of their manufacturing industries. The view of individuals as consumers, rather than producers, has led to the neglect of issues such as the quality of work (e.g., how interesting it is, how safe it is, how stressful it is and even how oppressive it is) and work-life balance. The disregard of these aspects of economic life partly explains why most people in the rich countries don’t feel more fulfilled despite consuming the greatest ever quantities of material goods and services. The economy is much bigger than the market. We will not be able to build a good economy — or a good society — unless we look at the vast expanse beyond the market.”

EconomicsMarketsMarket EconomyMarket
Book:Economics: The User's Guide
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“Copyright: a system of monopoly privilege over the expression of ideas that enables government to stop consumer-friendly economic development and reward uncompetitive and legally privileged elites to fleece the public through surreptitious use of coercion.”

GovernmentPoliticsForceFreedomLibertyViolenceCapitalismTradeLibertarianSocialismAggressionFreeLaw EnforcementFree MarketCoercionStateLawsStatismVoluntaryismMarketsLaissez FaireNon Aggression PrincipleAustrian School Of EconomicsInitiation Of Force
Author:Jeffrey Tucker
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“If we start to think about trust as a public good (like clean air and water), we see that we can all benefit from higher levels of trust in terms of communicating with others, making financial transitions smoother, simplifying contracts, and many other business and social activities. Without constant suspicion, we can get more out of our exchanges with others while spending less time making sure that others will fulfill their promises to us. Yet as the tragedy of commons exemplifies, in the short term it is beneficial for each individual to violate and take advantage of the established trust. I suspect that most people and companies miss or ignore the fact that trust is an important public resource and that losing it can have long-term negative consequences for everyone involved. It doesn't take much to violate trust. Just a few bad players in the market can spoil it for everyone else.”

TrustRationalityMarketsTragedy Of Commons
Book:Predictably Irrational: The Hidden Forces that Shape Our Decisions
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“It looked like a market, but such a market as Marra had never seen. There were jeweled pavilions crowded next to mud huts and hide tents and things that looked like upside-down bird nests. The aisles between were crowded, but the people within them did not move like a crowd. They moved like dancers, some light, some heavy, some in circling solitary waltzes. They reminded Marra far more of the courtiers in the prince's palace than of the town on market day.”

CrowdsTentsMarketsMarketNettle And BoneT KingfisherMarraDancersGoblin MarketPavilions
Book:Nettle & Bone
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“... toxic derivatives were underpinned by toxic economics, which, in turn, were no more than motivated delusions in search of theoretical justification; fundamentalist tracts that acknowledged facts only when they could be accommodated to the demands of the lucrative faith. Despite their highly impressive labels and technical appearance, economic models were merely mathematized versions of the touching superstition that markets know best, both at times of tranquility and in periods of tumult.”

EconomicsMarketsDerivativesEconomic Models
Book:The Global Minotaur: America, Europe and the Future of the Global Economy
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“There is discrimination, and the opportunities are not equal to everyone. Most countries are blocked from using several crucial features on Google, Amazon, Shopify, AliExpress, and many more platforms that the "internet millionaires" use to get all of their wealth. They are not smarter than you! They simply have access to markets that are blocked to you! When you try to compete inside their markets, the domain owners alter the algorithms to favor people in that geolocation and put them and their products in front of your. I have been stopped from uploading books for no other reason than being in east Europe. People don't believe these stories are true because they don't want to believe they are living in such a world. It's like the story of the Native Americans, who were offered blankets contaminated with diseases to kill them. Now you are being offered a blanket of illusions that gives you lies. And when you say the truth, they call it a conspiracy and hate speech.”

HateInternetGoogleBlanketAmazonIllusionsAlgorithmsMarketsBlanketsUploading
Author:Dan Desmarques
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