Free Market means Freedom

"Underlying most arguments against the free market

is a lack of belief in freedom itself."

— Milton Friedman, Capitalism and Freedom, 2002, pg 15

The first part of that quote is great too:
"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."

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Happiness--the proper state for Man

With all the political crap going on---this is a reminder to myself: I love People!!
(Wealth truly is not the problem)


Also posted here.

Matt's website: Where the Hell is Matt?

HT John Dick, personal communication.

Dodd-Frank claims its first victim

"Ford Motor Co. is an outstanding recent success story, having just announced solid earnings. They restructured wisely, shedding Jaguar and Volvo, and took no bailout money. But they ran into trouble last week when their auto financing operation tried to issue debt. The rating agencies, fearing Dodd-Frank, refused to let Ford use their AAA rating in the offering prospectus. Many prospective buyers are forbidden from buying debt without this rating. So Ford had to pull the offering.

In financial markets especially, political incentives are swamping market incentives. The voice of the consumer, as transmitted through the price system, grows fainter with each new "reform. (Source: Wall St. Journal July 21st) "

Warren C. Gibson, 7-21-2010, communication via Barstool Economists Yahoo group.

"No legal tender law is ever needed to make men take good money;

its only use is to make them take bad money."

-- Stephen T. Byington, Source: September 1895, American Federationist

HT Liberty Quotes

Capitalism can't be failing when it doesn't exist.

"Capitalism should not be condemned, since we haven’t had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It’s not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!"

-- Ron Paul(1935-) American physician, US Congressman (R-TX) Source: Has Capitalism Failed?, July 9, 2002

HT Liberty Quotes

Also---be sure to check out a great post by 3 Ring Binder on politicians then and now.

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