William E. Simon Quotes
There is only one social system that reflects the sovereignty of the individual: the free-market, or capitalist, system.
Simon, William E. A Time for Truth. McGraw-Hill, 1978, p. 221.
Most conservatives of today would be surprised that this fundamental notion evolved from the liberals when conservatives were advocating imperial monarchies and powerful states in control of all their resources.
William Edward Simon was an American businessman and philanthropist who served as the 63rd United States Secretary of the Treasury. He became the Secretary of the Treasury on May 9, 1974, during the Nixon administration. After Nixon resigned, Simon was reappointed by President Ford and served until 1977 when President Carter took office. Outside of government, he was a successful businessman and philanthropist. The William E. Simon Foundation carries on this legacy. He styled himself as a strong advocate of laissez-faire capitalism. He wrote, "There is only one social system that reflects the sovereignty of the individual: the free-market, or capitalist, system".