A Quote by Jon Meacham

The American system of political spending is so unregulated that it might make Adam Smith rethink free markets.

Jon Meacham

Quote Topics

Adam American Free Free Market Make Markets Might Political Rethink Smith Spending System

Quote Author

Jon Meacham
American - Editor
Born: May 20, 1969

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.

Sam Wyly

. . I think the Adam Smith role was played in this cycle i.e. the late twentieth century collapse of socialism in which the idea of free-markets succeeded first, and then special events catalyzed a complete change of socio-political policy in countries around the world by Friedrich Hayek's The Road to Serfdom.

Milton Friedman

I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or "incentives" for skill.

Nassim Nicholas Taleb

Populism is the simple premise that markets need to be restrained by society and by a democratic political system. We are not socialists or communists, we are proponents of regulated capitalism and, I might add, people who have read American history.

Molly Ivins

This system, built on free markets, free trade and free peoples and American protection, that's what got us from the end of World War II to the extraordinary events of the end of the Cold War and a system that was one of prosperity and peace for a lot of people, including for the United States.

Condoleezza Rice

I think the only way that political system can be corrected is for the American people to see very vividly that it needs repair. If things are going to worse in the future, the American people, in every congressional district in the land, might demand that reforms take place in the political system.

Jimmy Carter

The main purpose of advertising is to undermine markets. If you go to graduate school and you take a course in economics, you learn that markets are systems in which informed consumers make rational choices. That's what's so wonderful about it. But that's the last thing that the state corporate system wants. It is spending huge sums to prevent that.

Noam Chomsky

Since the dawn of civilization, markets have been ubiquitous. Many of us have benefited from their focus and efficiency. Yet two widely held beliefs - that markets are best left unregulated and that markets are inherently benign - are naive and outdated.

Howard Gardner

The American political scientist Francis Fukuyama has argued that liberal democracies, with their political freedom and economic success, have three important pillars: a strong government, the rule of law, and democratic accountability. I would add a fourth: free markets.

Raghuram Rajan

From a distance, the American political system is a remarkable success. We have accomplished the peaceful transfer of power for more than two hundred years, and that's unmatched by any civilization in human history. Up close, our political system still has all the ugliness and bad actors that you might suspect.

Douglas Brunt

Highly unequal societies are morally defective because they get to be that way through the exploitation by the clever and well-positioned ones of the vulnerabilities and weaknesses of others. The well-off then use their acquired political power to refuse to make sacrifices for others. This system brings us a wonderful range of products and experiences for consumers at the top of the privilege scale, but it also degrades and benumbs the workers at the lower end, as Adam Smith and Marx both said.

Catherine Wilson

During the two centuries since the publication of 'The Wealth of Nations,' the main activity of economists, it seems to me, has been to fill the gaps in Adam Smith's system, to correct his errors and to make his analysis vastly more exact.

Ronald Coase

From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress.

George Gilder

I don't think we can depend on Congress. In the American political system - we have been brought up to believe that the American political system works beautifully; it is democratic; Congress represents us; the President is elected, he represents us - it doesn't work that way.

Howard Zinn

The way to maximize production is to maximize the incentives to production. And the way to do that, as the modern world has discovered, is through the system known as capitalism - the system of private property, free markets, and free enterprise.