Although efficient markets people still go around saying there is a "mountain" of evidence supporting their hypothesis, the truth of the matter is that it's a very old mountain that's now eroding rapidly into the sea.
Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.ha-joon chang
The enemy aggressor is always pursuing a course of larceny, murder, rapine and barbarism. We are always moving forward with high mission, a destiny imposed by the Deity to regenerate our victims while incidentally capturing their markets, to civilise savage and senile and paranoid peoples while blundering accidentally into their oil wells.
Let the rabbit of free enterprise out of its velveteen bag and too many people would have to be fired, too much idiocy exposed to the light of judgment or ridicule, too much vanity sacrificed to the fires of efficiency. Such a catastrophe obviously would threaten the American way of life, to say nothing of the belief in free markets.lewis h. lapham
The Obama administration's agenda of maximizing dependency involves political favoritism cloaked in the raiment of "economic planning" and "social justice" that somehow produce results superior to what markets produce when freedom allows merit to manifest itself, and incompetence to fail. The administration's central activity – the political allocation of wealth and opportunity – is not merely susceptible to corruption, it is corruption.”George Will
[There are] signs of froth in some local markets where home prices seem to have risen to unsustainable levels.Alan Greenspan
That said, there can be little doubt that exceptionally low interest rates on ten-year Treasury notes, and hence on home mortgages, have been a major factor in the recent surge of homebuilding and home turnover, and especially in the steep climb in home prices. Although a 'bubble' in home prices for the nation as a whole does not appear likely, there do appear to be, at a minimum, signs of froth in some local markets where home prices seem to have risen to unsustainable levels.Alan Greenspan
Capital markets reward you for what you learn that other people have yet to ascertain.kenneth griffin
The markets make a good servant but a bad master, and a worse religionamory lovins
No serious challenge on the Left exists to Third Way thinking anywhere in the world. This is hardly surprising as globalisation punishes hard any country that tries to run its economy by ignoring the realities of the market or prudent public finances. In this strictly narrow sense, and in the urgent need to remove rigidities and incorporate flexibility in capital, product and labour markets, we are all "Thatcherite" now.Peter Mandelson
It can be very expensive to try to convince the markets you are right.ed seykota
Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones.It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.george soros
Reconquer the streets, the markets - the public spaces, with the same message of opposition: We are devastated, but we will not give up. With torches and roses, we deliver this message to the world: We do not let fear break us. And we do not let the fear of fear silence us.jens stoltenberg
The free market tide has now receded. In its place has come state capitalism, a system in which the state functions as the leading economic actor and uses markets primarily for political gain.ian bremmer
Political scientists don't work at banks which is a problem. As political issues become more important for the markets, analysts at banks are asked all sorts of questions they don't have the ability to answer. And if you're getting paid to answer questions as analysts at banks are you never want to be in the position of saying you don't know.ian bremmer
In the debate between those who believe in essentially unregulated markets and others who hold that reasonable regulation diminishes market excesses without inhibiting their basic function, the subprime situation unfortunately provides ammunition for the latter view.barney frank
Behind their fluffy rhetoric about free trade and free markets lurks a hostility toward freedom for ordinary people and a love affair with police and prisons .david mcnally
We tend to think of the stock and bond markets as relatively recent historical phenomena, but, in fact, there have been credit markets since human civilization first took root in the Fertile Crescent.
If markets were truly efficient, then you shouldn't be able to make any money rebalancing.
Technological advance often thrives in sheltered and subsidized markets, which defy free trade.
Chandni Chowk is the street--an imperial avenue under Shah Jahan's reign--extends from the Red Fort. The name often is applied to connecting alleys and streets. It's jammed with makeshift shops, markets, rickshaws, carts drawn by horses and oxen, cows, goats and pedestrians.Harry shattuck
Organizations are defined from the inside out: they are described by who reports to whom, by departments and processes and matrices and perks. A business, on the other hand, is defined from the outside in by markets, suppliers, customers, and competitors.Thomas A. Stewart
Capitalism , also called free market economy, or free enterprise economy: economic system, dominant in the Western world since the breakup of feudalism, in which most of the means of production are privately owned and production is guided and income distributed largely through the operation of markets.
It's pretty high on my priority list to have the Mac and Linux support [for Quake Live]. [Quake Live compatibility] is going to be a much bigger factor in [the Mac and Linux markets] for people wanting to play the game than it is on the Win32 market where you have so many more options.
The second part of the New Right's policy package has been the belief that free-market solutions are always best. It is this latter view which is profoundly mistaken. markets and profits are crucial, but the pure free-market model itself is deeply flawed.paul ormerod
markets can be efficient or inefficient; so can governments. thus market failure is a counterpoint to government failure.