Wednesday, July 18, 2007

Quote of the Day: Free Markets v. Control/Coercion

"Free markets are simply millions upon millions of individual decision-makers, engaged in peaceable, voluntary exchange pursuing what they see in their best interests. 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."

~George Mason Economist Walter Williams

3 Comments:

At 7/18/2007 11:16 AM, Anonymous Andy said...

Great quote, and so true.

Probably a stupid quesion but have you read "Atlas Shrugged"?

 
At 7/20/2007 7:38 AM, Blogger juandos said...

Did anyone else note the dichotomy between Alan Blinder's position vis a vis the New York Time's Ms. Cohen and what he's been noted for saying previously ?

Maybe I'm just confused...

 
At 7/20/2007 9:02 AM, Blogger Mark J. Perry said...

Andy: Yes.

 

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