“I still believe that, in the long run, the aggregate of the decisions of individual businessmen, exercising individual judgment in a free economy, even if often mistaken, is likely to do less harm than the centralized decisions of a Government; and certainly the harm is likely to be counteracted faster. As I said earlier in this debate, our economic medicine may be painful but it is fast and powerful because it can act freely.”
March 24, 1966, page 216.
Official Report of Proceedings of the Hong Kong Legislative Council
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John James Cowperthwaite 38
British colonial administrator 1915–2006Related quotes
Source: Propaganda & The Ethics Of Persuasion (2002), Chapter Six, Freedom Of Expression, p. 207
March 24, 1966, page 215.
Official Report of Proceedings of the Hong Kong Legislative Council
Source: Healing Our World: In An Age of Aggression, (2003), p. 161
“Low inflation and government prudence may be harmful for economic development.”
Prologue, p. 18
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
2022, June 2022, Remarks by Vice President Harris Announcing the Launch of the White House Task Force to Address Online Harassment and Abuse
Source: Principles of Economics (1998-), Ch. 2. Thinking Like an Economist; p. 27
Reported in " Remarks of Supreme Court nominee Sonia Sotomayor http://www.salon.com/wires/ap/2009/05/26/D98E0EV00_us_sotomayor_text/", The Associated Press (26 May 2009).