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Markets Quotes

Quotes tagged as "markets" Showing 181-210 of 216
Vandana Shiva
“The myth of "free choice" begins with "free market" and "free trade". When five transnational corporations control the seed market, it is not a free market, it is a cartel.”
Vandana Shiva

Murray N. Rothbard
“Libertarians make no exceptions to the golden rule and provide no moral loophole, no double standard, for government.”
Murray N. Rothbard

Voltaire
“Go into the London Stock Exchange â€� a more respectable place than many a court â€� and you will see representatives from all nations gathered together for the utility of men. Here Jew, Mohammedan and Christian deal with each other as though they were all of the same faith, and only apply the word infidel to people who go bankrupt. Here the Presbyterian trusts the Anabaptist and the Anglican accepts a promise from the Quaker. On leaving these peaceful and free assemblies some go to the Synagogue and others for a drink, this one goes to be baptized in a great bath in the name of Father, Son and Holy Ghost, that one has his son’s foreskin cut and has some Hebrew words he doesn’t understand mumbled over the child, others go to heir church and await the inspiration of God with their hats on, and everybody is happy.”
Voltaire

“The free market punishes irresponsibility. Government rewards it.”
Harry Browne

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

Jeffrey Tucker
“The problems on campus life today are not about free speech. They are about how the students have absolutely nothing to do with their lives but sit and listen to lectures, find the best parties to attend, and otherwise discover first-world problems to stew about and protest. That's the root of the problem. This is not a commercial environment where people are incentivized to find value in each other. Campuses have become completely artificial 4-year holding tanks for infantilized kids with zero experience in actual life in which people find ways to get along. These students are not serving each other in a market exchange, and very few have worked at day in their lives, so their default is to find some offense and protest. It's all they've been taught to do and all they know how to do. Idle hands and parents' money = trouble.”
Jeffrey Tucker

Robert Higgs
“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.”
Robert Higgs

Jeffrey Tucker
“It's WW2 and there are wage controls in place. Instead of health care, companies decide to offer employees shoes. Having absorbed those costs, they later lobby for every company to be required to offer shoes. That calls forth regulation and monopolization of the shoe industry. Shoes are heavily subsidized. Every shoe must be approved. Producers must be domestic. They must adhere to a certain quality. They can't discriminate based on foot size or individual need. Prices rise, and some people lack shoes, so the Affordable Shoe Act forces everyone to buy into an official shoe plan or pay a fee. Here we have a perfect plan for making shoes egregiously expensive. The entire country would be consumed with the fear of being shoeless if they lose their job. The left wing calls for a single shoe provider to offer universal shoes and the right wing meekly suggests that shoe makers be permitted to sell across state lines.

Meanwhile, libertarians suggest that we just forget the whole thing and let the market make and deliver shoes of every quality to anyone from anyone. Everyone screams that this is an insane and dangerous idea.”
Jeffrey Tucker

John Maynard Keynes
“Professional investment may be likened to those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of the competitors as a whole; so that teach competitor has to pick not those faces which he himself finds prettiest, but those which he thinks likeliest to catch the fancy of the other competitors, all of whom are looking at the problem from the same point of view. It is not a case of choosing those which, to the best of one's judgement are really the prettiest, nor even those which average opinion genuinely thinks the prettiest. We have reached the third degree where we devote our intelligences to anticipating what average opinion expects the average opinion to be. And there are some, I believe, who practice the fourth, fifth and higher degrees.”
John Maynard Keynes

“No man can always have adequate reasons for buying or selling stocks daily - or sufficient knowledge to make his play an intelligent play.”
Edwin Lefèvre, Reminiscences of a Stock Operator

Jeffrey Tucker
“Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question.”
Jeffrey Tucker

Israel M. Kirzner
“The essential quality of a market system, contrary to popular thinking, is not that it promotes greed; but rather, that it renders greed harmless.”
Israel M. Kirzner

Jeffrey Tucker
“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.”
Jeffrey Tucker

George Reisman
“Monopoly is a market, or part of a market, reserved to the exclusive possession of one or more sellers by means of the initiation of physical force by the government, or with the sanction of the government. Monopoly exists insofar as the freedom of competition is violated, with the freedom of competition being understood as the absence of the initiation of physical force as the preventive of competition. Where there is no initiation of physical force to violate the freedom of competition, there is no monopoly. The freedom of competition is violated only insofar as individuals are excluded from markets or parts of markets by means of the initiation of physical force. Monopoly is thus a market or part of a market reserved to the exclusive possession of one or more sellers by means of the initiation of physical force. It is thus something imposed upon the market from without—by the government. (Private individuals—gangsters—can initiate force to reserve markets only if the government allows it and thereby sanctions it.)
Thus, monopoly is not something which emerges from the normal operation of the economic system, and which the government must control.”
George Reisman

“Bad economics teaches that computers can design markets. Good economics teaches that markets can design computers.”
Jakub Bożydar Wiśniewski, The Pith of Life: Aphorisms in Honor of Liberty

Jeffrey Tucker
“The overwhelming tendency of markets is to bring people together, break down prejudices, persuade people of the need to cooperate regardless of class, race, religion, sex/gender, and physical ability. The same is obviously and especially true of sexual orientation. It is the market that rewards people who put aside their biases and seek gains through trade. This is why states devoted to racialist and hateful policies always resort to violence in control of the marketplace.”
Jeffrey Tucker

Amitav Ghosh
“That was the ace hidden up the sleeves of the Jardines, Mathesons and Dents of the world. Despite all their cacklings about Free Trade, the truth was that their commercial advantages had nothing to do with markets or trade or more advanced business practices â€� it lay in the brute firepower of the British Empire’s guns and gunboats.”
Amitav Ghosh, Flood of Fire

“I was convinced that I was totally incompetent in predicting market prices - but that others were generally incompetent also but did not know it, or did not know they were taking massive risks. Most traders were just "picking pennies in front of a steamroller," exposing themselves to the high-impact rare event yet sleeping like babies, unaware of it.”
Nassem Nicholas Taleb

Ludwig von Mises
“The valuations which result in determination of definite prices are different. Each party attaches a higher value to the good he receives than to that he gives away. The exchange ratio, the price, is not the product of equality of valuation, but on the contrary, the product of a discrepancy in valuation.”
Ludwig von Mises

Jeffrey Tucker
“Here's something I still can't get over. Amazes and thrills me every time. I'm sitting here and want a certain book. So I search, click, and then I have the book. Every time, my heart does a little leap of joy. What a beautiful world the market is making.”
Jeffrey Tucker

“The marketplace is an institution that teaches self-advancement, private acquisition, and the domination of nature. Its way of thinking is incompatible with the round river. Ecological harmony is a nonmarket value that takes a collective will to achieve.”
Donald Worster, The Wealth of Nature: Environmental History and the Ecological Imagination

Israelmore Ayivor
“Dominate the market with your products of self-control; no matter how many temptations produced by the devil, you will still overcome with profits of excellence!”
Israelmore Ayivor, Daily Drive 365

Michael   Lewis
“That was how a Salomon bond trader thought: He forgot whatever it was that he wanted to do for a minute and put his finger on the pulse of the market. If the market felt fidgety, if people were scared or desperate, he herded them like sheep into a corner, then made them pay for their uncertainty. He sat on the market until it puked gold coins. Then he worried about what he wanted to do.”
Michael Lewis, Liar's Poker

Michael   Lewis
“It was the job of people like me to make up reasons, to spin a plausible yarn. And it’s amazing what people will believe. Heavy selling out of the Middle East was an old standby. Since no one ever had any clue what the Arabs were doing with their money or why, no story involving Arabs could ever be refuted. So if you didn’t know why the dollar was falling, you shouted out something about Arabs.”
Michael Lewis, Liar's Poker

Israelmore Ayivor
“As a child, I used to wonder why markets in my locality were all situated near the main roads. I grew up a little to get the answer; " that business minded people can meet there easily!" Your dream must be situated where they can meet people!”
Israelmore Ayivor, The Great Hand Book of Quotes

Israelmore Ayivor
“When I was a child, I used to wonder why markets in my locality were all situated near the main roads. I grew up a little to get the answer; " that business minded people can meet there easily!" Your dream must be situated where they can meet people!”
Israelmore Ayivor

Israelmore Ayivor
“As a child, I used to wonder why markets in my locality were all situated near the main roads. I grew up a little to get the answer; “that business minded people can meet there easily!" Your dream must be situated where they can meet people!”
Israelmore Ayivor, The Great Hand Book of Quotes

Jaron Lanier
“If market pricing is the only legitimate test of quality, why are we still bothering with proven theorems? Why don't we just have a vote on whether a theorem is true? To make it better we'll have everyone vote on it, especially the hundreds of millions of people who don't understand the math. Would that satisfy you?”
Jaron Lanier

Michael   Lewis
“You invite a few players in to start a game of Texas Hold'em by telling them that the deck doesn't have any jacks or queens in it and that you won't tell the other people who come to play with them. How do you get people into the casino? You pay the brokers to bring them there.”
Michael Lewis