Greg Ip Quotes

I'm against using Petrobras to combat inflation.

There is a state that is able to understand the demand in the economy. That state should use prices as an instrument for implementation of this understanding.

I've come to the conclusion that the government needs to impose price controls on tuition increases - and so, I think, has President Obama.

We must keep prices under control to ensure that price increases do not exert a major negative impact on people's lives.

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

Let the king fix the rates for the purchase and sale of all marketable goods, having duly considered whence they come, whither they go, how long they have been kept, the probable profit and the probable outlay. Once in five nights, or at the close of each fortnight, let the king publicly settle the prices for the merchants.

The control of prices is essential for the successful conduct of our national defense, for avoiding social and economic aftermaths of war, for taking the profits out of war, for the maintenance of morale, the stoppage of inflation, and the placing of America in the dominating place at the peace table.

Only God can fix prices.

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…

During World War II I was put in charge of the nation's price control program. My enemies soon outnumbered my friends.

If there is one person in Nigeria that believes that petroleum prices should not go up by one naira, it is President Buhari.

Despite the impression created by some economic pundits, the U.S. economy is not a delicate little machine that needs to be fine-tuned with exact precision by benevolent policymakers to keep from breaking down.

If the government can't get the economy moving again, they have a lot of fundamental problems.

Economists may not know much. But we know one thing very well: how to produce surpluses and shortages. Do you want a surplus? Have the government legislate a minimum price that is above the price that would otherwise prevail. That is what we have done at one time or another to produce surpluses of wheat, of sugar, of butter, of many other commodities. Do you want a shortage? Have the government legislate a maximum price that is below the price that would otherwise prevail.

The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.

I was in charge of price controls in World War II and had a ceiling on overall prices. Everybody who was subject to general maximum price regulation wanted an exception and went to Congress to persuade a Congressman, or a group of people on the Hill, that I was being a menace to their industry.

Most countries choose to have government run the economy.

Rent control is one policy that economists universally would oppose. It is a grossly inefficient way of allocating housing space and, of course, it inhibits construction and creates the very thing it is supposed to alleviate. It is one of those things where people simply don't understand simple economics and, therefore, put in for political reasons what will damage the very people that it is designed to help. Minimum wage levels are another classic example.

Republicans are already on seriously thin ice, having presided over an era of unprecedented spending and consistently failing to articulate conservative principles on a wide variety of issues. But what Obama has in store will make President Bush appear, in retrospect, like a libertarian.

Study after study, not only here but in other countries, show that the most affordable housing is where there has been the least government interference with the market - contrary to rhetoric.

Any money the government spends must be taxed, borrowed or conjured out of thin air by the Federal Reserve, and that will reduce sound private investment. Obama has no real wealth to inject into the economy. He can only move around existing money while inflation robs us of purchasing power. Meanwhile, private investors who might have produced a better engine, battery, computer, cancer treatment or other wealth-creating and life-enhancing innovations hold back for fear that big government will undermine productive efforts.

My hope is that's something [Donald Trump] is thinking about, because not only is the president of the United States somebody that the entire country looks to for direction but sets the agenda internationally in a lot of ways.

. . 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.

People thought they were going to make a lot of money. And then at one point, it got too hot, and the government wanted to knock it down. Trying to get it up and then knock it down, both were a mistake. And part of the reason, some people think, is that they wanted to equitize some of their companies. A healthy stock market helps equitize companies and reduce the country's debt burden.

We legislate against forestalling and monopoly; we would have a common granary for the poor; but the selfishness which hoards thecorn for high prices, is the preventative of famine; and the law of self-preservation is surer policy than any legislation can be.