Ilana Mercer Quotes

One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work.

We use competitive markets to arrange for delivery of our food supply.

Markets are the best way to allocate resources.

The market system makes all producers responsible to the consumer.

In the market economy the price that is offered is counted upon to produce the result that is sought.

We are so accustomed to the miracle of private enterprise that we habitually take it for granted. But how does private industry solve the incredibly complex problem of turning out tens of thousands of different goods and services in the proportions in which they are wanted by the public? ... It solves these problems through the institutions of private property, competition, the free market, and the existence of money - through the interrelations of supply and demand, costs and prices, profits and losses.

The free market is the most efficient for utilizing resources and responding to needs, but there are many human needs which find no place on the market.

The only reason free markets have a ghost of a chance is that they are so much more efficient than any other form of organization.

It would appear that, on the level of individual nations and of international relations, the free market is the most efficient instrument for utilizing resources and effectively responding to needs.

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

But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.

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.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

Voluntary association produces the free market - where each person can choose among a multitude of possibilities.

An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.

The main reason why it is profitable to establish a firm would seem to be that there is a cost of using the price mechanism. The most obvious cost of 'organizing' production through the price mechanism is that of discovering what the relevant prices are.

Having always observed that public works are much less advantageously managed than the same are by private hands, I have thought it better for the public to go to market for whatever it wants which is to be found there; for there competition brings it down to the minimum of value. I have no doubt we can buy brass cannon at market cheaper than we could make iron ones.

Free prices are the price of freedom.

When you’re dealing with a commodity, high productivity means that nobody makes any money.

Supply and demand don’t work on a legislative schedule.

The ultimate benefit of trade is not the generating of economic surpluses but the more efficient allocation of economic resources.

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 are smart and governments are dumb.

Global markets are the best way to allocate resources efficiently but not to do it fairly.

The difficulty lies, not in finding a producer, but in finding a consumer.