“I think that there are a number of economic factors in play. Some prices may go up. Other prices will come down.”

— Michael Gove

Brexit: NI retailers challenge Michael Gove on no-deal food supply https://www.bbc.co.uk/news/uk-northern-ireland-49545139 BBC News (1 September 2019) 2019

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Michael Gove18

British politician 1967

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“There are times when the price of vegetables, sawi (mustard greens) and kangkung (water convolvulus) goes up and there are times it comes down. I read in the newspaper that some prices have come down. Kangkung price once went up and now it is down. When the prices come down, why are there no praises for the government? When it goes up, the government gets the blame. This is unfair because (such issues are determined by) the weather conditions.”

Najib Razak (1953) Malaysian politician

Speech given at Kemaman, Terengganu, on 14 January 2014, cf Palatino M, The Diplomat; "Malaysia's Kangkung Meme" http://thediplomat.com/2014/01/malaysias-kangkung-meme/.

“In traditional economic writings dealing with the economy as a whole, it is usually assumed that prices are highly flexible and that economic adjustment is brought about through price changes. We are going to examine inflexible prices.”

Gardiner C. Means (1896–1988) American economist

Gardiner C. Means, "Price inflexibility and the requirements of a stabilizing monetary policy." Journal of the American Statistical Association 30.190 (1935): 401-413.

“The American people have been offered two lousy choices. One, which is corporatism, a fascist type of approach, or, socialism. We deliver a lot of services in this country through the free market, and when you do it through the free market prices go down. But in medicine, prices go up. Technology doesn't help the cost, it goes up instead of down. But if you look at almost all of our industries that are much freer, technology lowers the prices. Just think of how the price of cell phones goes down. Poor people have cell phones, and televisions, and computers. Prices all go down. But in medicine, they go up, and there's a reason for that, that's because the government is involved with it… I do [think that prices will go down without government involvement], but probably a lot more than what you're thinking about, because you have to have competition in the delivery of care. For instance, if you have a sore throat and you have to come see me, you have to wait in the waiting room, and then get checked, and then get a prescription, and it ends up costing you $100. If you had true competition, you should be able to go to a nurse, who could for 1/10 the cost very rapidly do it, and let her give you a prescription for penicillin. See, the doctors and the medical profession have monopolized the system through licensing. And that's not an accident, because they like the idea that you have to go see the physician and pay this huge price. And patients can sort this out, they're not going to go to a nurse if they need brain surgery…”

Ron Paul (1935) American politician and physician

Interview by Laura Knoy on NHPR, June 5, 2007 http://info.nhpr.org/node/13016 2000s, 2006-2009

“Real economic growth emanates from increased productivity, which tends to hold prices down.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

“I think this is a very hard choice, but the price — we think the price is worth it.”

Madeleine K. Albright (1937–2022) Former U.S. Secretary of State

Stated http://www.youtube.com/watch?v=FbIX1CP9qr4 on CBS's 60 Minutes (May 12, 1996) in reply to Lesley Stahl's question "We have heard that half a million children have died. I mean, that's more children than died in Hiroshima. And, you know, is the price worth it?" Albright was U.S. ambassador to the United Nations at the time. 1990s

“We are paying a very heavy price for the mismanagement -- that's the kindest word I can give you -- of Donald Rumsfeld, of this war. The price is very, very heavy and I regret it enormously. I think that Donald Rumsfeld will go down in history as one of the worst secretaries of defense in history.”

John McCain (1936–2018) politician from the United States

[Associated Press, McCain blasts Rumsfeld for Iraq war missteps, http://www.msnbc.msn.com/id/17231371/from/RS.5/, MSNBC.com, 2007-02-19, 2007-02-20]
2000s, 2007

“House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals, including robust growth in jobs and incomes, low mortgage rates, steady rates of household formation, and factors that limit the expansion of housing supply in some areas.”

Ben Bernanke (1953) American economist

October 20, 2005 http://www.house.gov/jec/hearings/testimony/109/10-20-05bernanke.pdf, in testimony to Congress's Joint Economic Committee.

“The world should forget about cheap oil. [The price] will keep going up and some day arrive at US$100 per barrel.”

Hugo Chávez (1954–2013) 48th President of Venezuela

Hugo Chávez at a press conference in New Delhi, after signing a cooperative agreement with India's hydrocarbon sector, March 2005.
2005

“Everybody may have peace if they are willing to pay any price for it. Part of this any price is slavery, dishonor of your women, destruction of your homes, denial of your God. I have seen all of these abominations in other parts of the world paid as the price of not resisting invasion, and I have no thought that the inhabitants of this state of my birth have any desire for peace at that price, or that they lack the fortitude that is necessary to discourage aggression by the barbarians who are now about to be driven back to their kennels, or by any other savages who may arise at some later date against our civilized Christian world.”

William D. Leahy (1875–1959) United States admiral, ambassador to France, Chief of Staff

Commencement speech at Cornell College in Iowa on 5 June 1944, as quoted by Henry H. Adams in Witness to Power: The Life of Fleet Admiral William D. Leahy (1985), p. 246
1940s

“We want Trump to be hugely successful, so we don’t want to handle a bill that’s going to fail in a few years, Trump ran on price-discovery and competition across state lines, getting the price down — the price is going up by 20 percent and the bill we are getting ready to vote on, once again, goes back and does too much emphasis on the coverage aspect”

Dave Brat (1964) American economist and professor at Randolph–Macon College

Rep. Dave Brat: RyanCare a Perverse Economic System http://www.breitbart.com/big-government/2017/03/11/exclusive-rep-dave-brat-ryancare-a-perverse-economic-system/ (March 17, 2017)

“I think that there are a number of economic factors in play. Some prices may go up. Other prices will come down.”

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Michael Gove18

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