Market Regulations Quotes

The key to understanding the rise in inequality isn't technology or globalization. It's the power of the moneyed interests to shape the underlying rules of the market.

My fellow economists and academics fail to understand the economics of trade in the real world. Traditional models of academia respect free trade without considering whether it is fair trade.

You know, when you go into the store and buy a box of laundry detergent, and the price has gone up - you know, 50 cents because of regulations....And everything is costing more money, and we are killing our people like this....It's the evil government that is putting all these regulations on us so that we can't survive.

Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers... Because a minimum wage, of course, does not guarantee any worker's employment; it only prohibits, by force of law, anyone from being hired at the wage which would pay his employer to hire him.

When the weather changes and hurricanes hit, nobody believes that the laws of physics have changed. Similarly, I don't believe that when the stock market goes into terrible gyrations its rules have changed. It's the same stock market with the same mechanisms and the same people.

I've been regulated my whole life. We have progressive taxes. It's not a free-market free-for-all. I completely understand that society has a perfectly legitimate right to put in structures and regulations and rules that make it fairer, better, cleaner.

Why should it be illegal to sell something that's perfectly legal to give away?

In China, the rules of the market are not always that transparent. So it's very hard. Also, the national TV networks are all owned by the government, so our shows are subject to censorship by the networks. Every now and then, we are told that certain subjects cannot be talked about. There are frustrations.

On Sundays there be no shops open, nor artificers commonly going about their affairs worldly, and that in all fairs and common markets falling upon the Sunday, there be no showing of any wares before the service be done.

There is going to be globalization, but we need to do it under terms - under rules that work as rules work for our domestic economy on the dynamic of capitalism. You need to do trade in the same way.

[European Union] a giant cartel that suits big multinationals.