Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [1-20] of 37 Free Market quotesFree Market QuotesFree Market Next 20 quotes Social Security is an unfunded pay-as-you-go system, fundamentally flawed and analogous in design to illegal pyramid schemes. Government accounting creates the illusion of a trust fund, but in fact, excess receipts are spent immediately. The government’s own actuaries predict the system will be bankrupt by 2030, but Social Security could face financial crisis as early as 2014. Moreover, Social Security’s relatively poor rate of return makes the program an increasingly worse investment for today’s young worker. ... The system design itself is fundamentally flawed and cannot be repaired. It must instead be replaced by one derived from free markets and operated by free citizenry making individual economic decisions in their own self-interest. ... Reform is long overdue. If we fail to act soon, our children will either inherit a bankrupt system or be forced to pay an impossibly high level of taxes. Only private pensions with individual property rights to accumulate fund balances can create a secure pension system. Chile, which privatized its system in 1981, provides evidence of such a system’s effectiveness.~ Karl Borden The free market punishes irresponsibility. Government rewards it.~ Harry Browne Private capitalism makes a steam engine; State capitalism makes pyramids.~ Frank Chodorov Perhaps the removal of trade restrictions throughout the world would do more for the cause of universal peace than can any political union of peoples separated by trade barriers.~ Frank Chodorov Society thrives on trade simply because trade makes specialization possible, and specialization increases output, and increased output reduces the cost in toil for the satisfactions men live by. That being so, the market place is a most humane institution.~ Frank Chodorov A major source of objection to a free economy is precisely that it ... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.~ Milton Friedman The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive. It forces them to put up or shut up. They either have to deliver the goods, produce something that people are willing to pay for, are willing to buy, or else they have to go into a different business.~ Milton Friedman Many academicians and self-styled intellectuals, with a habitually arrogant and condescending attitude, treat the rest of the world with contempt. These so-called 'intelligentsia' congratulate themselves for, not only having high IQs and lots of education in their particular fields, but for having achieved the allegedly momentous insight that free-market capitalism and pure altruism are ultimately incompatible (duh). Yet they're still too damned stupid to realize, and too damned ignorant to acknowledge, that altruism is NOT the only moral code available to mankind. (It is, in fact, the bloodiest and most regressive one of all). This stunted thinking has resulted in their committing the intellectual atrocity of rejecting the capitalism and freedom instead of the altruism and coercion.~ Rick Gaber Free enterprise capitalism exists only when people in the private sector are free to pursue their own interests without direction from government. When politicians start passing laws to tell them what to do, or bureaucrats start issuing edicts to tell them what to do, it is no longer capitalism; it's fascism.~ Rick Gaber Many academicians and self-styled intellectuals, with a habitually arrogant and condescending attitude, treat the rest of the world with contempt. These so-called 'intelligentsia' congratulate themselves for, not only having high IQs and lots of education in their particular fields, but for having achieved the allegedly momentus insight that free-market capitalism and altruism are ultimately incompatible (duh). Yet they're still too damned stupid to realize and too damned ignorant to acknowledge that altruism is NOT the only moral code available to mankind. (It is, in fact, the bloodiest and most regressive one of all). This stunted thinking has resulted in their committing the intellectual atrocity of rejecting the capitalism and freedom instead of the altruism and coercion.~ Rick Gaber Control freaks who sneer at people who have 'faith' in the free market (voluntary trading) must be fantasizing an allegedly 'higher' political end than freedom.~ Rick Gaber [The] impersonal process of the market ... can be neither just nor unjust, because the results are not intended or foreseen.~ Friedrich August von Hayek There is perhaps no single factor contributing so much to people's frequent reluctance to let the market work as their inability to conceive how some necessary balance, between demand and supply, between exports and imports, or the like, will be brought about without deliberate control. The conservative feels safe and content only if he is assured that some higher wisdom watches and supervises change, only if he knows that some authority is charged with keeping the change "orderly." ~ Friedrich August von Hayek Big business in America today and for some years has been openly at war with competition and, thus, at war with laissez-faire capitalism. ... The left's attack on corporate capitalism is, when examined, an attack on economic forms possible only in collusion between authoritarian government and bureaucratized, nonentrepreneurial business. It is unfortunate that many New Leftists are so uncritical as to accept this premise as indicating that all forms of capitalism are bad ...~ Karl Hess Free competition is worth more to society than it costs.~ Justice Oliver Wendell Holmes, Jr. Everything in the world is purchased by labor.~ David Hume Dividing the political positions into liberal versus conservative is itself a leading example of [an old conceptual framework that organizes the world into categories and stereotypes] shared by journalists and media activists alike. As a result, it has taken decades for libertarians in the United States to break through this conventional view of the political spectrum and gain recognition as a distinct point of view. Over and above any hostility journalists had to free-market views, there was no conceptual space within their conventional wisdom for a political philosophy that combined free markets and free minds.~ David Kelley In a free market, consumer sovereignty and competition tend to create instability when sellers learn to game the system too well... In a technocratic system, it is more difficult for consumers to exercise countervailing power. Innovative competitors are often precluded by regulation. Suppliers tend to apply concentrated lobbying power to protect their interests, while the diffuse interests of the consumer are poorly represented in the political process. ... Centralized, regulated systems look good on paper, and they may be effective as they start. However, market systems learn faster, because competitive innovation prevents a market from getting captured by the incumbents who have learned how to game the system.~ Arnold Kling A truly free society is based on a vision of respect for people and what they value. In a truly free society, any business that disrespects its customers will fail, and deserves to do so. The same should be true of any government that disrespects its citizens. The central belief and fatal conceit of the current administration is that you are incapable of running your own life, but those in power are capable of running it for you. This is the essence of big government and collectivism.~ Charles Koch Government spending on business only aggravates the problem. Too many business have successfully lobbied for special favors and treatment by seeking mandates for their products, subsidies (in the form of cash payments from the government), and regulations and tariffs to keep more efficient competitors at bay. Crony capitalism is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.~ Charles Koch Next 20 quotes Share on Facebook Tweet Email Print