Leave it to the market

Leave it to the market

Cry Wolf Quotes

Will you resist the temptation to get a government handout for your community? Realize that the doctor's fight against socialized medicine is your fight. We can't socialize the doctors without socializing the patients. Recognize that government invasion of public power is eventually an assault upon your own business.

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Ronald Reagan
10/27/1964 | Full Details | Law(s): Medicare

[The Medicare bill would] set up a health care program which served little or no necessary social purpose and which would be a direct, unwarranted and completely unfair intrusion in private enterprise.

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Dr. Clifford H. Keene, Kaiser Foundation Health Plan.
04/01/1965 | Full Details | Law(s): Medicare

You are right to be indignant. The fact is the system is not working right. It is not right when we have so many people without jobs... It is not right that we are throwing people out of their houses when we have so many homeless... [Our financial markets are] supposed to allocate capital, manage risks. But they misallocated capital, and they created risk. We are bearing the cost of their misdeeds. There's a system where we've socialized losses and privatized gains. That's not capitalism; that's not a market economy. That's a distorted economy, and if we continue with that... we won't succeed in creating a just economy.

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Joseph Stiglitz, Economist and Nobel Laureate, speaking to Occupy Wall Street protesters in Zuccotti Park on October 2, 2011.
10/03/2011 | Full Details | Law(s):

Gentlemen, most of the home owners want to keep their credit. We are not asking that we escape our responsibilities; we just want to find a way to pay, and we do not want you to make it harder for us.

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Miss Marie L. Obenauer, Joint Chairman, Board of Governors of Home Owners’ Protective Enterprise, Testimony. Committee on Banking and Currency. Senate.
05/18/1934 | Full Details | Law(s): National Housing Act