A Quote by Alan Greenspan
The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
Related Quotes
Unlike national markets, which tend to be supported by domestic regulatory and political institutions, global markets are only 'weakly embedded'. There is no global lender of last resort, no global safety net, and of course, no global democracy. In other words, global markets suffer from weak governance, and are therefore prone to instability, inefficiency, and weak popular legitimacy.
In the States, I think, the syllogism goes like this: 'free markets solve all problems. Free markets aren't solving global warming, QED global warming is not a problem'. It's not a very good syllogism but it's emotionally comforting if you're in that world.
The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.
To open up new markets and create American jobs, we need to make global bilateral free trade agreements a priority as they were under the Clinton administration.
The problem isn't that conservatives are wrong about the efficiency of markets or the creativity of enterprise. It's that they have made false idols of both, usually without acknowledging that markets work best when well regulated, that private enterprise cannot meet every human need, that government has always played a critical role in our economy, and that the profit motive can be socially and environmentally destructive as well as dynamic.
Contrary to the received wisdom, global markets are not unregulated. They are regulated to produce inequality.
We must recognise that in an integrated world, trade cannot be divorced from other concerns. We need to promote free trade and serious global efforts with respect to common problems even as we support every nation's right to chart its own course.
Chinese companies, in their well-capitalized, rapidly growing, and surprisingly lightly regulated markets, have become global innovation leaders.
Our destiny is as a global beacon of free trade and we cannot deliver that while bound to the declining E.U. and its protectionist Customs Union.
Free Trade puts consumers at the centre of economic activity. It lowers the cost of imports, which gives people the opportunity to buy more with the same amount of money: domestic producers have to compete with the lowest global costs or invest in new business.
America has an important role to play as the world leader in creating a global order, free trade, free waterways, free commerce, free movement of people. That happens because of U.S. military might.
The North American Free Trade Agreement marked a fundamental change in the global trade scheme.
I debated free trade in college. I came out as a free trader. I'm a free markets guy. I'm an Adam Smith guy.
Defending a free and open global Internet requires a broad-based global movement with the stamina to engage in endless - and often highly technical - national and international policy battles.
I think the global markets will probably be selling off with a [Donald] Trump presidency because he has promised to re-do trade deals.
We will have to stand up for and promote the power and promise of free markets and free peoples, and affirm that American preeminence safeguards rather than impedes global progress.
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