Lee H. Hamilton Quotes

Markets are a good thing, and they are the best way of ensuring we have fairness.

We should rely on the markets to move on their own.

No one has characterized market mechanisms better than Friedrich von Hayek.

Markets are, in many settings, self-organizing and 'efficient' in terms of maximizing the welfare of both buyers and sellers.

Competition is good and has served us well.

The thing about markets, and I think the thing people don't understand about that, is markets are not kind, but they're very efficient. So when the marketplace determines an inefficiency in the system, it corrects that, and a market system that's left alone will reward good behavior and punish bad behavior.

One way to express choice is through the market. Well-functioning markets provide choices and, ultimately, the ability to express one's pursuit for happiness.

The free market is at its best when everybody works in a fishbowl and tells you their point of view.

Capitalism does millions of things better than the alternatives. It balances supply and demand in an elegant way that central planning has never come close to.

'Reinventing the Bazaar,' by John McMillan, is a great and fun introduction to the wild variety and importance of markets throughout history and around the world. I finally understood how a Middle Eastern souk actually works economically and how to compare that to modern-day telecom-spectrum auctions. I love that book.

I believe in markets before mandates.

The free market economy provides an unparalleled example of a continuing healthy circulation of elites. In this dynamic economy, failure to keep up with competitors, failure to satisfy the demands of consumers in the best possible way, will topple elites quickly and establish new ones who do the job better.

Markets can do certain things, but markets cannot do other things

The key to democracy has been the free market economy.

I started out by viewing the marketplace as a cruel place, where you need intervention by government and lawyers to protect people. But after watching the regulators work, I have come to believe that markets are magical and the best protectors of the consumer. It is my job to explain the beauties of the free market.

The markets are efficient over time.

Choices abound in the free market. Choice creates real and immediate accountability.

The pharma pricing system was not built on the idea of consumer engagement. It was built... on market efficiencies. It was not built on the premise of consumerism.

Free markets are amazing.

We like to think that a free market's greatest strength is its self-corrective nature.

The advantage of the free market system is that people invest their capital, they create jobs by investing their capital, and hopefully they get a return on that investment. I don't think there's anything wrong with good old American capitalism.

Capitalism should not be condemned, since we haven't had capitalism.

We are in favor of greater free markets.

I think that there is absolutely no free market in modern industrial states.

Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or more accurately a set of overlapping and squabbling faiths, each with its own doctrines.