Janet Yellen Quotes

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

The Government in the US has become responsible for farmers’ income, leaving the big (transnational) buyers in the market free to exploit their oligopolistic position

As I have seen with a lot of companies I have covered, acquisition interest can be a heady experience, and not always in a good way.

They demanded a monopoly of the coasting trade, in order to get higher freights than they could get in open competition with the carriers of the world.

Regulation is often a way to keep a dominant firm in place.

I've never had difficulty dominating any market I've been in.

You can't be in a certain business and not sell to Amazon or not sell to Wal-Mart. You have to reckon with them, because even though there are other buyers, they're the only buyers that matter.

Basically, the single-most important decision in evaluating a business is pricing power.

A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures. The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate.

The single most important decision in evaluating a business is pricing power.

Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.

You'll have lower prices under deregulation than you will through regulation.

Roughly speaking, when you are dealing with business firms operating in a competitive system, you can assume that they're going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn't going to last very long in that firm.

If you're not worried that you're pricing it too cheap, you're not pricing it cheap enough.

I believe you should have a world where you've got to license something at a fair price.

What is “destructive competition” for producers is a bargain bonanza for consumers.

Tough enforcement of the antitrust laws can help prevent a recurrence of inflation by attacking abuses of economic power.

Effective competition requires that traders have large freedom of action when conducting their own affairs.

The consumer knows that his prices are made for him by those who control the avenues of trade and the highways of commerce.

To control the American market is to own America.

Likewise let butchers, fishmongers, hostlers, brewers, bakers, pullers and all other vendors of any victuals, be bound to sell such victuals for a reasonable price, having regard for the price at which such victuals are sold in the adjoining places: so that such vendors may have moderate gains, not excessive…

He who puts ... a product upon the market as it demands, controls that market, regardless of color. It is simply a survival of the fittest.

To hinder, besides, the farmer from selling his goods at all times to the best market, is evidently to sacrifice the ordinary laws of justice to an idea of public utility, to a sort of reasons of state; an act of legislative authority which ought to be exercised only, which can be pardoned only in cases of the most urgent necessity.

In law school, I never understood [antitrust law]. I later found out, in reading the writings of those who now do understand it, that I should not have understood it because it did not make any sense then.

Free competition is worth more to society than it costs.