12 genius quotes on a free market economy

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    12 genius quotes on a free market economy

    “Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its being done at all. We disapprove of state education. Then the socialists say that we are opposed to any education. We object to a state religion. Then the socialists say that we want no religion at all. We object to a state-enforced equality. Then they say that we are against equality. And so on, and so on.” – Frederic Bastiat, The Law

    “The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government.” — Milton Friedman

    “The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first.” — Thomas Jefferson

    “The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to“A mixed economy is a mixture of freedom and controls—with no principles, rules, or theories to define either. Since the introduction of controls necessitates and leads to further controls, it is an unstable, explosive mixture which, ultimately, has to repeal the controls or collapse into dictatorship. [...] The only principle of a mixed economy—which, necessarily, has to remain unnamed and unacknowledged—is that no one’s interests are safe, everyone’s interests are on a public auction block, and anything goes for anyone who can get away with it.” — Ayn Rand deal with one another and help one another.” — Milton Friedman

     

    “The market economy safeguards peaceful economic cooperation because it does not use force upon the economic plans of the citizens. If one masterplan is to be substituted for the plans of each citizen, endless fighting must emerge.” — Ludwig von Mises

    “The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups. Nine-tenths of the economic fallacies that are working such dreadful harm in the world today are the result of ignoring this lesson.” — Henry Hazlitt

    “All other persons and groups in society (except for acknowledged and sporadic criminals such as thieves and bank robbers) obtain their income voluntarily: either by selling goods and services to the consuming public, or by voluntary gift (e.g., membership in a club or association, bequest, or inheritance). Only the State obtains its revenue by coercion, by threatening dire penalties should the income not be forthcoming. That coercion is known as ‘taxation,’ although in less regularized epochs it was often known as ‘tribute.’ Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match.” — Murray Rothbard

    “The argument for liberty is not an argument against organization, which is one of the most powerful tools human reason can employ, but an argument against all exclusive, privileged, monopolistic organization, against the use of coercion to prevent others from doing better.” — F.A. Hayek

    “I have never understood why it is ‘greed’ to want to keep the money you’ve earned, but not greed to want to take somebody else’s money.” — Thomas Sowell

     

     

     

     
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    Re: 12 genius quotes on a free market economy

    There is no such thing as a Free Market.  It's a theory used to simply the real world so it can be explained to Freshmen.

    An easy way to tell when a person doesn't understand economics - they think socialism is the opposite of the Free Market.  Socialism and markets are completely different animals.  There is a concept called "Market Socialism".  You should look it up.

    Here's your midterm essay question:  What is the biggest potential problem with a Free Market (other than it is impossible for them to exist in the real world)?

     
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    Re: 12 genius quotes on a free market economy

    If the shoe fits (or, how it might play out)...

    http://en.wikipedia.org/wiki/Clear_Channel_Communications

    [NB: Do not try to keep a score card. Just let it wash over you.]

    Just passing through en route to the thread about Clear Channel. 

     

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