A Quote by Luis Videgaray Caso

The government needs to work to improve how markets perform. — © Luis Videgaray Caso
The government needs to work to improve how markets perform.
So often, we leave the selfless side of ourselves for nights and weekends, for our charity work. It is our duty to inject that into our day-to-day business, into the work that we do, to improve corporations, to improve civil society, and to improve government.
Most of the time, economic data is fairly benign. I don't wish to imply it is meaningless, but it is not a driver of stock markets. Indeed, the correlation between economic noise and how equity markets perform has been wildly overemphasized.
The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost. (Investors believe this now and, worse still, the government believes it as well. We are probably doomed to a lasting legacy of government tampering with financial markets and the economy, which is likely to create the mother of all moral hazards. The government is blissfully unaware of the wisdom of Friedrich Hayek: "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.")
I believe that the role of limited government should be looking after the needs of veterans, the elderly, children and those institutions that improve the quality of life for struggling families - I don't believe that government should bend to serve the needs of subsidized multi-national corporations and entitled billionaires.
Government isn't there just to administer life support to failing markets. Without the government, many of those markets would not even exist.
The UK desperately needs less government and freer markets.
Technology is just one of the factors affecting the world of work. Economics, demographics, sociological trends, and government policies are four other core influences reshaping labour markets and determining how we will work for years ahead.
Once we realize that government doesn't work, we'll know that the only way to improve government is by reducing its size - by doing away with laws, by getting rid of programs, by making government spend and tax less, by reducing government as far as we can.
It seems to me obviously axiomatic that markets are not magical, that they're organised in a range of regulated entities created by men. We decide in what we will have markets, and we decide how the rules work and how they'll conduct themselves.
I know from my days working on education reform in government that it's almost impossible to exaggerate how little those who work on education policy think about 'how to improve learning.'
You need a government that believes in government. It also believes in markets and wants to give markets the best, the greatest opportunity, but is trying to govern well.
However, even a strong government can't perform miracles. It needs money from the taxpayers.
One needs to constantly read up, practice and work, irrespective of your profession. If I feel as an actor that I know everything, then how will I to grow? How will I improve? I'll be stuck in a rut, and eventually I'll grow complacent.
If private men are obliged to perform the offices of government, to protect the weak and dispense justice, then the government becomes only a hired man, or clerk, to perform menial or indifferent services.
Regardless of how little time and work someone takes to perform a task, there has to be a more efficient and effective way to perform it.
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
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