Michio Kaku Quotes

The general principles of political economy teach us to buy all our commodities where we can have them the cheapest; and perhaps there is no general rule in the whole compass of the science to which fewer justifiable exceptions can be found in practice

Markets work well with goods that economists call private goods.

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.

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

Supply always comes on the heels of demand.

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

Free markets work better when information is available.

The law of supply and demand holds eternal.

In a free market, businesses compete for customers by keeping prices down and for labor by keeping wages up.

Increases in output generally lead to lower prices, not higher prices.

Competition drives growth in the end as opposed to monopolies.

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

When you have more competition, you have better products and lower prices.

We might as well reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper, as whether value is governed by demand or supply.

For 99 issues out of 100 we could say that at some price they are cheap enough to buy and at some price they would be so dear that they would be sold.

'Perfect competition' is considered both the ideal and the default state in Economics 101. So-called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand.

I've always believed that competition is good for consumers and good for businesses.

I think the market is always going to be around. The goal is not to say, let's get rid of the market, because the market does render a huge number of services, and I don't want to have a fight about the price of something every time I buy a book or a bottle of water.

The invisible hand of the market always moves faster and better than the heavy hand of government.

I think everyone should sell whatever product they want to sell for whatever price they want to sell it for, but ultimately the market will dictate what it is and people will have to charge less money for everything. Record companies have been overcharging people for way too long and now this is the trouble that they're in.

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

Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil.

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.

All regulation can ever do is approximate the results of competition.

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