
Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 93
The Superinvestors of Graham-and-Doddsville (Fall, 1984)
Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 93
“It can be very expensive to try to convince the markets you are right.”
Source: Covel, Trend Following, page 59
“I'm looking for a market for wisdom.”
As quoted in "Close-up : I'm looking for a market for wisdom. : Leo Szilard, scientist" in LIFE magazine, Vol. 51, no. 9 (1 September 1961), p. 75
"Managing Risk in an Unstable World," http://custom.hbsp.com/b01/en/implicit/product.jhtml?login=BREM060105&password=BREM060105&pid=1126 Harvard Business Review (June 2005).
Planet JH Weekly interview (2005)
Context: I'm a free-marketeer. I believe in free markets, but... sometimes you have things that look like free markets but aren't because of artificial reasons. I'm not very happy with the current state of what calls itself free market economy in the world because you've got all these grotesque monopolies that are able to game the system in a way that's to their advantage by virtue of their power, and that's not a free market. A real free market has some kind of countervailing influence from the government to keep a monopoly in check, but this government... it's not about free marketing principles, it's about greed pure and simple. And this government wants to assure that the other people that they went to college with get just as rich as they do. This country is going to make Mexico look like Sweden inside of ten years in terms of wealth distribution, because there are no countervailing forces. They've eliminated tax basically for the ultra-rich, they've eliminated any control over monopolies, the greedy have free reign and its just going to be the super rich and the peasants.
"The Self-Poisoning of the Open Society"
“Corruption exists because there is too much, not too little, market.”
Prologue, p. 18
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
Variant: Corruption often exists because there are too many market forces, not too few.
Source: Interest and Inflation Free Money (1995), Chapter Three, Who Would Profit From a New Monetary System?, p. 71
Source: Contributions to Modern Economics (1978), Chapter 15, 'Imperfect Competition' Revisited, p. 167