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You know that theres been tremendous turmoil in our financial markets and Wall Street. And it... Video
You know that thereâ€™s been tremendous turmoil in our financial markets and Wall Street. And it is â€“ itâ€™s â€“ people are frightened by these events. Our economy, I think, still, the fundamentals are â€“ of our economy are strong, but these are very, very difficult times. And I promise you, we will never put America in this position again. We will clean up Wall Street. We will reform government.
I think that social tensions have lessened because of the strong economy, and now is a time where people are concerned about promoting equality, racial equality, economic equality, now is the time for them to build in this shift in the public's mood.
Wilson, William Julius
People seem to be coming to the realization that the economy might, in fact, pick up in the second half. I don't see any negatives in the near term to derail this market.
Officeholders are the agents of the people, not their masters. Not only is their time and labor due to the Government, but they should scrupulously avoid in their political action, as well as in the discharge of their official duty, offending by a display of obtrusive partisanship their neighbors who have relations with them as public officials.
Hayek's adversaries -- Oskar Lange and company -- argued that a market system had to be inferior to a centrally-planned system: at the very least, a centrally-planned economy could set up internal decision-making procedures that would mimic the market, and the central planners could also adjust things to increase social welfare and account for external effects in a way that a market system could never do. Hayek, in response, argued that the functionaries of a central-planning board could never succeed, because they could never create both the incentives and the flexibility for the people-on-the-spot to exercise what Scott calls metis. Today all economists -- even those who are very hostile to Hayek's other arguments .. agree that Hayek and company hit this particular nail squarely on the head. Looking back at the seventy-year trajectory of Communism, it seems very clear that Hayek .. [is] right: that its principal flaw is its attempt to concentrate knowledge, authority, and decision-making power at the center rather than pushing the power to act, the freedom to do so, and the incentive to act productively out to the periphery where the people-on-the-spot have the local knowledge to act effectively.
Hayek, Friedrich August Von
And we have so much work to do in America, because all across America, there are walls ... There's a wall around Washington, D.C. The American people are, today, on the outside of that wall. And on the inside are the big corporations and the lobbyists who are working to protect a system that takes care of them. ... There is another wall that divides us. It's the moral shame of 37 million of our own people who wake up in poverty every single day This is not OK. And for eight long, long years, this wall has gotten taller And there's also a wall that's divided our image in the world. The America as the beacon of hope is behind that wall. And all the world sees now is a bully. They see Iraq, Guantanamo, secret prison and government that argues that water boarding is not torture. This is not OK. That wall has to come down for the sake of our ideals and our security. We can change this. We can change it. Yes we can. If we stand together, we can change it. ... This is not going to be easy. It's going to be the fight of our lives. But we're ready, because we know that this election is about something bigger than the tired old hateful politics of the past. This election is about taking down these walls that divide us, so that we can see what's possible -- what's possible, that one America that we can build together.
The stock market and economy are two different things.
People do not understand what a great revenue economy is.
Cicero, Marcus T.
People want economy and they will pay any price to get it.
Profits are the driving force of the market economy. The greater the profits, the better the needs of the consumers are supplied.
Mises, Ludwig Von
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