Now, modern economies have a very effective mechanism for deciding if salaries are really too high: it's called the free market. That's how most people's salaries are set, after all, including those of major-league baseball players and European soccer players.
If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.
There are markets extending from Mali, Indonesia, way outside the purview of any one government which operated under civil laws, so contracts weren't, except on trust. So they have this free market ideology the moment they have markets operating outside the purview of the states, as prior to that markets had really mainly existed as a side effect of military operations.
Capitalism is not about the profit motive. Capitalism is about free markets. What you do in the market, in your free will, is the essence of capitalism.
Technology and television didn't dictate one path or the other - it was civil society and public policy intervening in creating alternative funding models. So I think that's one of the questions for our time: do we want to intervene in this model or completely acquiesce and leave it to the unfettered, not-actually-that-free market? Neither path is inevitable.
The Jacksonian era is generally talked about in terms of individualism, and the development of free market capitalism, and Victorian prudery. It was shocking to find a parallel history to that - a bunch of Americans with very different priorities. I stumbled on to these people, and then became completely fixated on them. The question that drove me was: how did these reasonable people adopt these extremely unreasonable ideas?
We need a consistent conservative, someone who has stood for free market principles, who has stood for the Constitution and, critically, who stood for the working men and women of this country.
The fundamental purpose of Marxism is the total control of a population under the belief that individualism and free markets lead to great disparities and inequalities and injustices and unfairness. Now, this is the outward appeal. Marxism is evil, and Marx knew it, but the appeal that seduces people is its justice and equality and fairness. What they don't tell you is the equality is spread equally to the point everybody's miserably equal and miserably the same.
Dictatorships can exist with free markets - not that China is really a free market - especially in poor countries where the regime insists that it's a choice between food and liberty, a false choice. But increasing affluence will inevitably result in political pressure.
Just as we won the Cold War in part by exposing the evils of communism and the virtues of free markets, so, too, must we take on the ideology of radical Islam.
The American free market system is the greatest engine for prosperity and opportunity that the world has ever seen. Freedom works.
There can never be such a thing as a free market, because it is human nature to cheat, monopolize, and buy off others so as to corner the market.
If business is going to continue to sell through the decades, it must also promote an understanding of what made those products possible, what is necessary to a free market, and what our free market means to the individual liberty of each of us, to be certain that the freedoms under which this nation was born and brought to this point shall endure in the future ... for America is the product of our freedoms.
The man who produces while others dispose of his product is a slave.
Business success is not determined by government policy. It's not determined by regulation. The people succeed in business have to overcome all the obstacles put in their way by people like Democrats and Obama. That's what Trump knows, how to overcome these guys, how to get the things they put in his way out of the way, while they don't even know it's happening. And that would go for much of the political commentariat, too, folks, that are totally immersed in politics and know nothing else, other than they swear allegiance to free markets, but that's about it.
This system, built on free markets, free trade and free peoples and American protection, that's what got us from the end of World War II to the extraordinary events of the end of the Cold War and a system that was one of prosperity and peace for a lot of people, including for the United States.
In a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.
You cannot take away freedom to protect it, you cannot destroy the free market to save it, and you cannot uphold freedom of speech by silencing those with whom you disagree. To take rights away to defend them or to spend your way out of debt defies common sense.
Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.
Let us have the candor to acknowledge that what we call "the economy" or "the free market" is less and less distinguishable from warfare.
The libertarian creed...offers the fulfillment of the best of the American past along with the promise of a far better future. Libertarians are squarely in the great classical liberal tradition that built the United States and bestowed on us the American heritage of individual liberty, a peaceful foreign policy, minimal government, and a free-market economy.
There's no limit to what free men and free women in a free market with free enterprise can accomplish when people are free to follow their dream.
Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order.
If you destroy a free market you create a black market.
A depression is a large-scale decline in production and trade...there is nothing in the nature of a free-market economy to cause such an event.
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