Quotes on Free Enterprise

Free enterprise has done more to reduce poverty than all the government programs dreamed up by Democrats. Ronald Wilson Reagan Quote Details

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The government can supply no substitute for enterprise. Calvin Coolidge Quote Details

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Under this republic the rewards of industry belong to those who earn them. The only constitutional tax is the tax which ministers to public necessity. Calvin Coolidge Quote Details

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The wise and correct course to follow in taxation and all other economic legislation is not to destroy those who have already secured success but to create conditions under which every one will have a better chance to be successful. Calvin Coolidge Quote Details

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We have found that when men and women are left free to find the places for which they are best fitted, some few of them will indeed attain less exalted stations than under a regime of privilege; but the vast multitude will rise to a higher level, to wider horizons, to worthier attainments. Calvin Coolidge Quote Details

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Prosperity comes from leaving people free in a legal system that respects their persons and property so they can pursue their dreams while taking responsibility for their actions. John Stossel Quote Details

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The strongest bond of human sympathy outside the family relation should be one uniting all working people of all nations and tongues and kindreds. Nor should this lead us to a war on property, or the owners of property. Property is the fruit of labor; property is desirable; is a positive good in the world. That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise. Abraham Lincoln Quote Details

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One of the wonderful things about free markets is that the path to greater wealth comes not from looting, plundering and enslaving one's fellow man, as it has throughout most of human history, but by serving and pleasing him. Walter E. Williams Quote Details

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People who denounce the free market and voluntary exchange, and are for control and coercion, believe they have more intelligence and superior wisdom to the masses. What's more, they believe they've been ordained to forcibly impose that wisdom on the rest of us. Of course, they have what they consider good reasons for doing so, but every tyrant that has ever existed has had what he believed were good reasons for restricting the liberty of others. Walter E. Williams Quote Details

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The argument for collectivism, for government doing something, is simple. Anybody can understand it. 'If there's something wrong, pass a law. If somebody is in trouble, get Mr. X to help them out.' The argument for voluntary cooperation, for a free market, is not nearly so simple. It says, 'You know, if you allow people to cooperate voluntarily and don't interfere with them, indirectly, through the operation of the market, they will improve matters more than you can improve it directly by appointing somebody.' That's a subtle argument, and it's hard for people to understand. Moreover, people think that when you argue that way you're arguing for selfishness, for greed. That's utter nonsense. Milton Friedman Quote Details

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The larger the government, the more our livings standards are reduced. We are fortunate as a civilization that the progress of free enterprise generally outpaces the regress of government growth, for, if that were not the case, we would be poorer each year — not just in relative terms, but absolutely poorer too. The market is smart and the government is dumb, and to these attributes do we owe the whole of our economic well-being. Lew Rockwell Quote Details

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Wealth is not a given or an accident of history. It is not bestowed on us like rain from above. It is the product of human creativity in an environment of freedom. The freedom to own, to make contracts, to save, to invest, to associate, and to trade: these are the key to prosperity. Lew Rockwell Quote Details

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Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace. Milton Friedman Quote Details

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When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed. Ayn Rand Quote Details

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When buying and selling are controlled by legislation, the first things to be bought and sold are legislators. P. J. O'Rourke Quote Details

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It is just as essential for the health of a dynamic economy that dying industries should be allowed to die as that growing industries should be allowed to grow. For the dying industries absorb labor and capital that should be released for the growing industries. It is only the much vilified price system that solves the enormously complicated problem of deciding precisely how much of tens of thousands of different commodities and services should be produced in relation to each other. These otherwise bewildering equations are solved quasi-automatically by the system of prices, profits and costs. They are solved by this system incomparably better than any group of bureaucrats could solve them. For they are solved by a system under which each consumer makes his own demand and casts a fresh vote, or a dozen fresh votes, every day; whereas bureaucrats would try to solve it by having made for the consumers, not what the consumers themselves wanted, but what the bureaucrats decided was good for them. Henry Hazlitt Quote Details

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One function of profits, in brief, is to guide and channel the factors of production so as to apportion the relative output of thousands of different commodities in accordance with demand. No bureaucrat, no matter how brilliant, can solve this problem arbitrarily. Free prices and free profits will maximize production and relieve shortages quicker than any other system. Arbitrarily fixed prices and arbitrarily limited profits can only prolong shortages and reduce production and employment. Henry Hazlitt Quote Details

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Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. It is the proper sphere of government to create and enforce a framework of law that prohibits force and fraud. But it must refrain from specific economic interventions. Government's main economic function is to encourage and preserve a free market. When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: "Yes, stand a little less between me and the sun." It is what every citizen is entitled to ask of his government. Henry Hazlitt Quote Details

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I find it quite useful to think of a free-market economy - or partly free market economy - as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well. Charlie Munger Quote Details

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A mixed economy is a mixture of freedom and controls — with no principles, rules, or theories to define either. Since the introduction of controls necessitates and leads to further controls, it is an unstable, explosive mixture which, ultimately, has to repeal the controls or collapse into dictatorship. A mixed economy has no principles to define its policies, its goals, its laws — no principles to limit the power of its government. The only principle of a mixed economy — which, necessarily, has to remain unnamed and unacknowledged — is that no one's interests are safe, everyone's interests are on a public auction block, and anything goes for anyone who can get away with it. Such a system — or, more precisely, anti-system - breaks up a country into an ever-growing number of enemy camps, into economic groups fighting one another for self preservation in an indeterminate mixture of defense and offense, as the nature of such a jungle demands. Ayn Rand Quote Details

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In a free society the state does not administer the affairs of men. It administers justice among men who conduct their own affairs. Walter Lippmann Quote Details

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