“In a free-market economy, the consumer is king: labor unions don't run things, business people don't run things, bankers don't run things, politicians don't run things, but the success of a business depends on how people spend their money.”

—  Ron Paul

In response to the question "What is your opinion on direct democracy, where the citizens themselves make law, rather than elected representatives?" https://www.youtube.com/watch?v=p-nfaTZNWcI (May 14, 2015)
2010s

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American politician and physician 1935

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“In a free-market economy, the consumer is king: labor unions don't run things, business people don't run things, bankers don't run things, politicians don't run things, but the success of a business depends on how people spend their money.”

Ron Paul (1935) American politician and physician

In response to the question "What is your opinion on direct democracy, where the citizens themselves make law, rather than elected representatives?" https://www.youtube.com/watch?v=p-nfaTZNWcI (May 14, 2015)
2015

Erich Fromm photo

“Our society is run by a managerial bureaucracy, by professional politicians; people are motivated by mass suggestion, their aim is producing more and consuming more, as purposes in themselves.”

The portion of this statement, "Love is the only sane and satisfactory answer to the problem of human existence" has been widely quoted alone, resulting in a less reserved expression, and sometimes the portion following it has been as well: "Any society which excludes, relatively, the development of love, must in the long run perish of its own contradiction with the basic necessities of human nature."
The Art of Loving (1956)
Context: Our society is run by a managerial bureaucracy, by professional politicians; people are motivated by mass suggestion, their aim is producing more and consuming more, as purposes in themselves. All activities are subordinated to economic goals, means have become ends; man is an automaton — well fed, well clad, but without any ultimate concern for that which is his peculiarly human quality and function. If man is to be able to love, he must be put in his supreme place. The economic machine must serve him, rather than he serve it. He must be enabled to share experience, to share work, rather than, at best, share in profits. Society must be organized in such a way that man's social, loving nature is not separated from his social existence, but becomes one with it. If it is true, as I have tried to show, that love is the only sane and satisfactory answer to the problem of human existence, then any society which excludes, relatively, the development of love, must in the long run perish of its own contradiction with the basic necessities of human nature. <!-- p. 111 - 112

Benjamin Graham photo
Malcolm X photo
Murray N. Rothbard photo
Ronnie Radke photo

“The world will not end. This is ridiculous. I think it's like 2000. It's a great trick to do business and earn lots of money because stupid people hoard things. This is a stimulator of the economy.”

Ronnie Radke (1983) American singer

In an interview with the magazine Alt Press http://www.fallinginreverse.com.br/2012/06/entrevista-com-ronnie-radke-na-alt-press.html

Mark Skousen photo
Benjamin Graham photo

“[Shorter variant:] In the short run, the market is a voting machine but in the long run, it is a weighing machine.”

Benjamin Graham (1894–1976) American investor

Quoted and attributed to Graham in Warren Buffett's 1993 letter to investors. https://www.berkshirehathaway.com/letters/1993.html
The statement is not found in any of Graham's publications or lecture transcripts, and when asked, Buffett could not provide a reference. https://www.bogleheads.org/forum/viewtopic.php?t=77840
Disputed

Benjamin Graham photo
Edward Heath photo

“Government, management and unions…have now…jointly embarked for the first time in Britain, on the path of working out together how to create and share the nation's wealth for the benefit of all the people. It is an offer to employers and unions to share fully with the Government the benefits and the obligations involved in running the national economy.”

Edward Heath (1916–2005) Prime Minister of the United Kingdom (1970–1974)

Speech to Conservative Party Conference in Blackpool (14 October 1972), quoted in John Campbell, Edward Heath (London: Jonathan Cape, 1993), pp. 473-474.
Prime Minister

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