Saturday, November 18, 2017

Quote of the Day: 18 November 2017


“True, the free market ignores the poor precisely as it does not recognize the wealthy–it is ‘no respecter of persons.’ It is an organizational way of doing things featuring openness, which enables millions of people to cooperate and compete without demanding a preliminary clearance of pedigree, nationality, color, race, religion, or wealth. It demands only that each person abide by voluntary principles, that is, by fair play. The free market means willing exchange; it is impersonal justice in the economic sphere and excludes coercion, plunder, theft, protectionism, subsidies, special favors from those wielding power, and other anti-free market methods by which goods and services change hands. It opens the way for mortals to act morally because they are free to act morally.” -Leonard E. Read

No comments:

Post a Comment