Free Markets Quotes

they'll reregulate within ten years. There'll be a string of crashes, and they'll do it. the free marketeers will scream, but the fact is, free markets don't provide safety. Only regulation does that. You want safe food, you better have inspectors. You want safe water, you better have an EPA. You want a safe stock market, you better have an SEC. And you want safe airlines, you better regulate them too. Believe me, they will.

Michael Crichton

Free markets and capitalism are predicated upon the definition of greed as altruistic in economics".~R. Alan Woods [2012]

R. Alan Woods

These people live in many lands, speak different languages, practice different religions, may even hate one another- yet none of these differences prevented them from cooperating to produce a pencil. How did it happen? Adam Smith gave us the answer two hundred years ago.

Milton Friedman

Antiliberals endlessly berate their enemies for "instrumental thinking." But they do not clearly explain the evil of producing better goods at a lower cost.

Stephen Holmes

A time of ongoing cultural revolution when the adversaries of Christianity have made plain their intent to use the state machinery to promote radical social ideologies hardly seems an opportune moment to discuss how the rights of property might be compromised. Private property is an important bulwark against the ongoing anti-Christian campaign. Although opponents of the free market will doubtless claim that they wish to interfere with the rights of property only to this or that extent, or only to bring about this or that allegedly desirable social outcome, there can be little excuse for such naiveté in our day. No Christian should want to build up an institution that he would be terrified to see in the hands of his ideological opponents.

Thomas E. Woods Jr.

We don’t live in a free market society… markets are controlled by the major players who influence legislation to perpetuate their control...

Miguel Reynolds Brandao

Capitalism is not a form of government. Capitalism is but one thing only: Buy Low - Sell High. Capitalism is what happens when a government allows free association and respects property rights. It is a symptom of liberty.

A.E. Samaan

Arguing that the only problem with a free market is lack of competition, is like arguing that that the only problem with prostitution is that there aren't enough pimps.

Quentin R. Bufogle

Capitalist production...was necessary to develop the productive forces of society to a level which will make possible an equal development worthy of human beings for all members of society. All earlier forms of society were too poor for this.

Friedrich Engels

They would tell you that governments could not manage things as economically as private individuals; they would repeat and repeat that, and think they were saying something! They could not see that “economical” management by masters meant simply that they, the people, were worked harder and ground closer and paid less!They were wage-earners and servants, at the mercy of exploiters whose one thought was to get as much out of them as possible; and they were taking an interest in the process, were anxious lest it should not be done thoroughly enough! Was it not honestly a trial to listen to an argument such as that?And yet there were things even worse. You would begin talking to some poor devil who had worked in one shop for the last thirty years, and had never been able to save a penny; who left home every morning at six o’clock, to go and tend a machine, and come back at night too tired to take his clothes off; who had never had a week’s vacation in his life, had never traveled, never had an adventure, never learned anything, never hoped anything—and when you started to tell him about Socialism he would sniff and say, “I’m not interested in that—I’m an individualist!” And then he would go on to tell you that Socialism was “paternalism,” and that if it ever had its way the world would stop progressing.It was enough to make a mule laugh, to hear arguments like that; and yet it was no laughing matter, as you found out—for how many millions of such poor deluded wretches there were, whose lives had been so stunted by capitalism that they no longer knew what freedom was!And they really thought that it was “individualism” for tens of thousands of them to herd together and obey the orders of a steel magnate, and produce hundreds of millions of dollars of wealth for him, and then let him give them libraries; while for them to take the industry, and run it to suit themselves, and build their own libraries—that would have been “Paternalism”!

Upton Sinclair

Have you ever noticed how statists are constantly “reforming” their own handiwork? Education reform. Health-care reform. Welfare reform. Tax reform. The very fact they’re always busy “reforming” is an implicit admission that they didn’t get it right the first 50 times.

Lawrence W. Reed

Ultimately, we need to take control over the money supply out of the hands of our governments and make the production of money again subject to the principle of free association. The first step to endorsing and promoting this strategy is to realize that governments do not—indeed cannot—fulfill any positive role whatever through the control of our money.

Jörg Guido Hülsmann

A day will come when there will be no battlefields, but markets opening to commerce and minds opening to ideas.

Victor Hugo

Emergencies” have always been the pretext on which the safeguards of individual liberty have eroded.

Friedrich A. Hayek

In spite of its alluring name, the welfare state stands or falls by compulsion. It is compulsion imposed upon us with the state’s power to punish noncompliance. Once this is clear, it is equally clear that the welfare state is an evil the same as every restriction of freedom.

Wilhelm Röpke

A "centrally planned economy" by definition discourages and despises participation by the masses. It's a bureaucratic oligarchy.

A.E. Samaan

The profit of the one is the profit of the other.

Frédéric Bastiat

People who can't imagine order without imposition always end up favoring power over liberty.

Jeffrey Tucker

Throw an idea into the world and its impact will ripple and reverberate beyond your side of the shore.

A.E. Samaan

("A Free Market in Education: The Answer to Prayer, And Other Issues")No matter where you are on the issue, there is no solution to it within a government school context, only perpetual conflict. The answer involves choice, competition and private alternatives. If you don't like what a business offers, you don't argue endlessly about it; you walk across the street. Why is this principle so complicated for some people?

Lawrence W. Reed

It is because freedom means the renunciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.

Friedrich A. Hayek

When the state itself is held to the same moral standards as everyone else, it dies. And that's a wonderful thing.

Jeffrey Tucker

Libertarians make no exceptions to the golden rule and provide no moral loophole, no double standard, for government. That is, libertarians believe that murder is murder and does not become sanctified by reasons of state if committed by the government. We believe that theft is theft and does not become legitimated because organized robbers call their theft "taxation." We believe that enslavement is enslavement even if the institution committing that act calls it "conscription." In short, the key to libertarian theory is that it makes no exceptions in its universal ethic for government.

Murray N. Rothbard

Without anarchy, there would be chaos.

Jeffrey Tucker

To be sure, I am not speaking about Christian equality, whose real name is equity; but about this democratic and social equality, which is nothing but the canonization of envy and the chimera of jealous ineptitude. This equality was never anything but a mask which could not become reality without the abolition of all merit and virtue.

Charles Forbes René de Montalembert

Every step which leads from capitalism toward planning is necessarily a step nearer to absolutism and dictatorship.

Ludwig von Mises

Socialism, or communism as it is sometimes called, is merely a secular religion, where the State becomes a god.

Stefan Molyneux

If government played by the same rules as the rest of us, it would cease to be government.

Sheldon Richman

There is no difference between the principles, policies and practical results of socialism—and those of any historical or prehistorical tyranny. Socialism is merely democratic absolute monarchy—that is, a system of absolutism without a fixed head, open to seizure of power by all corners, by any ruthless climber, opportunist, adventurer, demagogue or thug.

Ayn Rand

Collectivism is the "philosophy" of every cockroach and sewer rat: "If I want it, I must need it, and if I need it, I have a right to it, and if I have a right to it, it doesn't matter what I have to do to get it." Thefact that such an inherently animalistic, short-sighted, anti-humanviewpoint is now painted by some as compassionate and "progressive" does not make it any more sane, or any less dangerous.

Larken Rose

Irony: Taking a 170-year-old envy-based "philosophy," which has led to the murder of several hundred million human beings and the oppression of billions more, and calling it "progressive".

Larken Rose

There can be no socialism without a state, and as long as there is a state there is socialism. The state, then, is the very institution that puts socialism into action; and as socialism rests on aggressive violence directed against innocent victims, aggressive violence is the nature of any state.

Hans-Hermann Hoppe

When people encounter the free market and they recoil or react negatively to it, they're merely confessing that voluntaryism, trade and negotiation are foreign and threatening to them, which tells you everything about how tragically they were raised.

Stefan Molyneux

Entrepreneurial capitalism takes more people out of poverty than aid.

Bono

Before the mid-20th century, when American libertarians entangled themselves in conservative coalitions against the New Deal and Soviet Communism, "free market" thinkers largely saw themselves as liberals or radicals, not as conservatives. Libertarian writers, from Smith to Bastiat to Spencer, had little interest in tailoring their politics to conservative or "pro-business" measurements. They frequently identified capitalists, and their protectionist policies, as among the most dangerous enemies of free exchange and property rights.

Charles W. Johnson

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

It is precisely democracy which is destroying the American political structure, American law, and the American economy.

Rose Wilder Lane

Liberty means refusing to allow some men to use the state to compel other men to serve their interests or opinion.

Auberon Herbert

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

As long as government has the power to regulate business, business will control government by funding the candidate that legislates in their favor. A free-market thwarts lobbying by taking the power that corporations seek away from government! The only sure way to prevent the rich from buying unfair government influence is to stop allowing government to use physical force against peaceful people. Whenever government is allowed to favor one group over another, the rich will always win, since they can "buy" more favors, overtly or covertly, than the poor.

Mary J. Ruwart

It is the consumers who make poor people rich and rich people poor.

Ludwig von Mises

What is peculiar and novel to our age is that the principal goal of politics in every advanced society is not, strictly speaking, a political one, that is today, it is not concerned with human beings as persons and citizens, but with human bodies. ... In all technologically advanced countries today, whatever political label they give themselves, their policies have, essentially, the same goal: to guarantee to every member of society, as a psychophysical organism, the right to physical and mental health.

W.H. Auden

Whenever someone starts talking about 'fair competition' or indeed, about 'fairness' in general, it is time to keep a sharp eye on your wallet, for it is about to be picked.

Murray N. Rothbard

The truth is, one who seeks to achieve freedom by petitioning those in power to give it to him has already failed, regardless of the response. To beg for the blessing of “authority” is to accept that the choice is the master’s alone to make, which means that the person is already, by definition, a slave.

Larken Rose

The paralysis of potential is essential to the manufacturing of victims.

Stefan Molyneux

Think what it implies when you say that a country needs leaders. In your day-to-day life, you interact with all sorts of other individuals. And that's all society is: the collective name for lots of INDIVIDUALS. But for some inexplicable reason, we're taught to believe that one huge, arbitrarily chosen assortment of individuals (the "citizens" of one human livestock farm--I mean, "country") need some control freaks acting as intermediaries in order to interact with a different arbitrarily chosen assortment of individuals (the "citizens" of some other human livestock farm--I mean, "country"). Because gee, how could I and some random person in the middle of China possibly leave each other alone if we didn't each have a gang of narcissistic sociopaths claiming to "represent" us? Oh, wait a minute. That's exactly how and why pretty much ALL wars happen: because different gangs of power-happy psychos pit their pawns against each other in violent conflict, while claiming to "represent" subsets of humanity. One more example of how "government" is a problem posing as its own solution.

Larken Rose

Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics is not a science like physics or chemistry, but a political exercise... If the boundaries of what you are studying cannot be scientifically determined, what you are doing is not a science.

Ha-Joon Chang

Hence the great irony: Hayek, one of the greatest champions of individual liberty and economic freedom the world has ever known, believed that knowledge was communal. Dewey, the champion of socialism and collectivism, believed that knowledge was individual. Hayek's is a philosophy that treats individuals as the best judges of their own self-interests, which in turn yield staggering communal cooperation. Dewey's was the philosophy of a giant, Monty Pythonesque crowd shouting on cue: "We're All Individuals!

Jonah Goldberg

There's a huge swath of humanity that has developed verbal abilities to extract resources from guilt-ridden people.They used to be priests, and now they're leftists.

Stefan Molyneux

It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.

Murray N. Rothbard

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