An area in which more rather than less government involvement is needed, in my judgment, is the rooting out of fraud. It is the bane of any market system.
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Chapter Nineteen, "Globalization and Regulation", p. 375Alan Greenspan
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We must say openly that the present economic system of the EU is a system of a suppressed market, a system of a permanently strengthening centrally controlled economy. Although history has more than clearly proven that this is a dead end, we find ourselves walking the same path once again. This results in a constant rise in both the extent of government masterminding and constraining of spontaneity of the market processes. In recent months, this trend has been further reinforced by incorrect interpretation of the causes of the present economic and financial crisis, as if it was caused by free market, while in reality it is just the contrary – caused by political manipulation of the market. It is again necessary to point out to the historical experience of our part of Europe and to the lessons we learned from it.
Vaclav Klaus
What is a system? A system is a network of interdependent components that work together to try to accomplish the aim of the system. A system must have an aim. Without an aim, there is no system. The aim of the system must be clear to everyone in the system. The aim must include plans for the future. The aim is a value judgment. (We are of course talking here about a man-made system.)
W. Edwards Deming
The American people have been offered two lousy choices. One, which is corporatism, a fascist type of approach, or, socialism. We deliver a lot of services in this country through the free market, and when you do it through the free market prices go down. But in medicine, prices go up. Technology doesn't help the cost, it goes up instead of down. But if you look at almost all of our industries that are much freer, technology lowers the prices. Just think of how the price of cell phones goes down. Poor people have cell phones, and televisions, and computers. Prices all go down. But in medicine, they go up, and there's a reason for that, that's because the government is involved with it... I do [think that prices will go down without government involvement], but probably a lot more than what you're thinking about, because you have to have competition in the delivery of care. For instance, if you have a sore throat and you have to come see me, you have to wait in the waiting room, and then get checked, and then get a prescription, and it ends up costing you $100. If you had true competition, you should be able to go to a nurse, who could for 1/10 the cost very rapidly do it, and let her give you a prescription for penicillin. See, the doctors and the medical profession have monopolized the system through licensing. And that's not an accident, because they like the idea that you have to go see the physician and pay this huge price. And patients can sort this out, they're not going to go to a nurse if they need brain surgery...
Ron Paul
I'm a free-marketeer. I believe in free markets, but... sometimes you have things that look like free markets but aren't because of artificial reasons. I'm not very happy with the current state of what calls itself free market economy in the world because you've got all these grotesque monopolies that are able to game the system in a way that's to their advantage by virtue of their power, and that's not a free market. A real free market has some kind of countervailing influence from the government to keep a monopoly in check, but this government... it's not about free marketing principles, it's about greed pure and simple. And this government wants to assure that the other people that they went to college with get just as rich as they do. This country is going to make Mexico look like Sweden inside of ten years in terms of wealth distribution, because there are no countervailing forces. They've eliminated tax basically for the ultra-rich, they've eliminated any control over monopolies, the greedy have free reign and its just going to be the super rich and the peasants.
John Perry Barlow
[T]oday we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself... Everyone understands now, on the contrary, that there can be no solution without government. The Keynesian idea is once again accepted that fiscal policy and deficit spending has a major role to play in guiding a market economy. I wish Friedman were still alive so he could witness how his extremism led to the defeat of his own ideas.
Milton Friedman
Greenspan, Alan
Greenwell, Dora
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