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101,732. The goal of agorism is the agora. The society of the open marketplace as near to untainted by theft, assault, and fraud as can be humanly attained is as close to a free society as can be achieved. And a free society is the only one in which each and every one of us can satisfy his or her subjective values without crushing others’ values by violence and coercion. (Society & Market) Samuel Edward Konkin III
42,203. The market matches demand and supply better than the planners do. It responds more easily to changing fashions and needs. It is rather good at getting rid of unsuccessful enterprises. (Business & Market & Companies & Corporations & Enterprise) Shirley Williams, Politics is for People
32,860. I’ve abandoned free market principles to save the free market system. (Bush & Economy & Market) George W Bush, 16th December 2008
42,257. A free market was never meant to be a free license to take whatever you can get whenever you can get it. (Economics & Market) Barack Obama, Copper Union speech
42,793. Nor is the question before us whether the market is a force for good ... Without a watchful eye, the Market can spin out of control. Barack Obama, Berlin New World Order speech
42,300. Friedrich Hayek was a champion of the market. He inspired many of the people who built the world we live in today. For more than a generation Western leaders came to embrace one central economic idea: the free market. (Economics & Capitalism & Money & Market) Masters of Money II: Hayek, BBC 2012
42,301. Of all the big pro-market thinkers, Hayek was by far the most radical. (Economics & Capitalism & Money & Market) ibid.
42,302. Hayek’s advice to governments was to step back and do nothing. (Economics & Capitalism & Money & Market) ibid.
42,303. The market does most good when it’s most free. It’s our desire to control it that most often turns it against us. (Economics & Capitalism & Money & Market) ibid.
42,304. Hayek had been studying the American boom. (Economics & Capitalism & Money & Market) ibid.
42,305. Strong’s intervention really paved the way for the financial system we have today. Thanks to all that credit he created, the Stock Market rose higher and higher. (Economics & Capitalism & Money & Market & Finance & Stocks) ibid.
42,306. Hayek believed Strong’s policy was sowing the seeds of an eventual bust. (Economics & Capitalism & Money & Market & Finance & Stocks) ibid.
42,307. Hayek said it was all down to interest rates being too low in the free years. (Economics & Capitalism & Money & Market) ibid.
42,308. The grand dispute between Keynes and Hayek in the 1930s seems so relevant to us today, it’s become an internet sensation. (Economics & Capitalism & Money & Market) ibid.
42,309. It was one of the most important intellectual battles of the twentieth century. (Economics & Capitalism & Money & Market) ibid.
42,310. The Road to Serfdom was published in Britain in 1944 with little fanfare. (Economics & Capitalism & Money & Market) ibid.
42,311. Britain was moving Hayek’s way. (Economics & Capitalism & Money & Market) ibid.
42,312. That tension between Hayek’s ideal and a controlling instinct of even free market politicians never really went away. (Economics & Capitalism & Money & Market) ibid.
42,313. The financial institutions that triggered the recent crash were free to do anything it seems except fail. (Economics & Capitalism & Money & Market & Banksters) ibid.
42,314. Central banks are the cause of many of capitalism’s problems, not the solution. (Economics & Capitalism & Money & Market & Banksters) ibid.
42,315. We were never going to master the complexities of human nature. (Economics & Capitalism & Money & Market) ibid.
42,316. Hayek helped change the course of world history. (Economics & Capitalism & Money & Market) ibid.
42,345. We will have continuing danger from these markets, and that we will have repeats of the financial crisis ... until we learn from experience. (Economics & Money & Markets) Brooksley Born
42,349. It’s the fact that we had these deregulated wild-west financial markets that allowed us to get into the crisis we’re in. (Economics & Market) Professor Paul Krugman
42,388. While free markets tend to democratize a society, unfettered capitalism leads invariably to corporate control of government. (Capitalism & Market & Corporatism) Robert Kennedy
42,776. The currency markets decided to take on the British government. They deliberately set out to force John Major to devalue and to leave the Exchange Rate Mechanism. It was to be a defining battle over who really now controlled Britain’s economy: the government or the markets. The markets also knew that if they succeeded they would make a fortune. They began by selling billions of pounds on the markets. The only thing the government could do was to tell the Bank of England to raise interest rates. But the markets knew this was an act of desperation. (Currency & Market) Adam Curtis, The Mayfair Set
42,790. The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient. Noam Chomsky
107,325. ‘Too big to fail’ is of course an insurance policy. It exacerbates built-in inefficiency of markets. (Elite & Market) Noam Chomsky, When Elites Fail, lecture Portland Oregon October 2009, Youtube
108,282. Business despises and fears the markets of othodox economic doctrine: take an economic course you learn that in a market informed consumers make rational choices. In the United States business spends hundreds of billions of dollars a year to prevent that horrible outcome projecting imagery to delude consumers. Noam Chomsky, Imminent Crises, lecture Washington State University 2005
108,580. Economic success has invariably relied on activist policies that deliberately alter market incentives. (Market & Economics) Noam Chomsky, 500 Years of Western Imperialism, lecture London 1993
110,015. The principle of really existing free market theory is free markets are fine for you but not for me. Noam Chomsky, Free Market Fantasies: Capitalism in the Real World, lecture Harvard University 13th April 1996
110,016. I’ll be able to rant and rave about the marvels of the free market while I’m getting properly subsidised and defended by everyone else through the nanny state, and also this has to be risk-free so I’m perfectly willing to make profits but I don’t want to take risks. ibid.
110,017. The nanny state has to be very powerful in order to bail out the rich. ibid.
110,018. A source of cheap labour - so prison labour is going way up … In fact the scale of prison construction, which is a kind of Keynsian stimulus to the econonmy, but its scale has become so enormous that even high-tech industry – you know the guys are usually just ripping off the Pentagon system – theyre beginning to look at it. (Market & Prison) ibid.
42,791. An elected government making huge changes with the consent of its people, is being undermined by concentrated powers in unregulated markets – powers which go beyond those of any individual government. (Markets & Globalisation) George Papandreou, Greek prime minister
42,792. I’ve always been sceptical about the notion that the market is a person you can engage in an argument with, and that that person is an intelligent, rational, well-intentioned person: it is fantasy. We know that … the market is subject to irrational optimism and pessimism, and is vindictive … You’re dealing with a crazy man … Having got what he wants he will still kill you. Joseph Stiglitz, US economist
42,794. The free market has nothing to do with freedom. John Pilger, Obama and Empire, Socialism 2009 Chicago
42,795. Nobody knows what causes these panics. The causes are psychological and no one understands them. I don’t know what caused the Great Tulip Bubble, nor last week’s panic. Milton Friedman
42,796. We became convinced that markets would always find a solution, and if we let markets operate they would be self-correcting, and that turned out to be the wrong judgment. Sir Philip Hampton, chairman Royal Bank of Scotland
42,797. One of the worst fallacies in the field of economics – propagated by Karl Marx and accepted by almost everyone today, including many businessmen – is the notion that the development of monopolies is an inescapable and intrinsic result of the operation of a free, unregulated economy. In fact, the exact opposite is true. It is a free market that makes monopolies impossible. (Market & Monopoly) Nathaniel Branden, Common Fallacies Against Capitalism
42,798. To market, to market,
To buy a plum bun. John Florio, Worlde of Wordes 1611