A Quote by Oliver Wendell Holmes, Jr.
The ultimate good desired is better reached by free trade in ideas [and] the best test of truth is the power of the thought to get itself accepted in the competition of the market.
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When men have realized that time has upset many fighting faiths, they may come to believe... that the ultimate good desired is better reached by free trade in ideas-- that the best test of truth is the power of the thought to get itself accepted in the competition of the market, and that truth is the only ground upon which their wishes safely can be carried out. That at any rate is the theory of our Constitution. It is an experiment. As all life is an experiment. Every year if not every day we wager our salvation upon some prophecy based upon imperfect knowledge.
But when men have realized that time has upset many fighting faiths, they may come to believe...that the best test of truth is the power of the thought to get itself accepted in the competition of the market... That at any rate is the theory of our constitution.
The ultimate consequences of the individualist spirit in economic life are those which you yourselves, Venerable Brethren and Beloved Children, see and deplore: Free competition has destroyed itself; economic dictatorship has supplanted the free market; unbridled ambition for power has likewise succeeded greed for gain; all economic life has become tragically hard, inexorable, and cruel.
Truth is best (of all that is) good. As desired, what is being desired is truth for him who (represents) the best truth. (Gathas 27.14)
People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs.
Our great country was founded on hard work and competition. That sense of grit is the main principle in our free-market economy where consumers have choice, because competition breeds choice, better quality, and better prices for customers.
Free trade has been one of the tenets of the modern Mexican economy, and it's through competition and free trade that we will continue to advance.
The free market is the epitome of life itself. This is something that all scientists recognise because science itself operates on free market lines.
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.
In the end, the market will decide which is the better performer: dirty coal-fired power or clean wind and solar. Market-based competition. That doesn't sound like communism to me.
This is the marketplace of political ideas. This is how America operates. It's a free market. It's free-wheeling. From the outside, it looks unpredictable. There's a circus-like free market.
The competition of social power with State power is always disadvantaged, since the State can arrange the terms of competition to suit itself, even to the point of outlawing any exercise of social power whatever in the premises; in other words, giving itself a monopoly.
I'm a free market person, a free trader. But if we had a market in California, there would be competition.
The ultimate freedom depends on knowing the ultimate Truth. Truth is not what people say it is, it is what it is. And Truth, quite remarkably, sets one free, just like philosophers have said down the ages.
History is the fruit of power, but power itself is never so transparent that its analysis becomes superfluous. The ultimate mark of power may be its invisibility; the ultimate challenge, the exposition of its roots.
I love free trade. I love the concept of free trade. Everything about it is good. I went to the Wharton School of Finance. They say, Let's go free trade.
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