Free Market Economics

Famous quotes containing the words free, market and/or economics:

    “Can a free people restrain crime without sacrificing fundamental liberties and a heritage of compassion?... Let us show that we can temper together those opposite elements of liberty and restraint into one consistent whole. Let us set an example for the world of a law-abiding America glorying in its freedom as well as its respect for law.”
    —Gerald R. Ford (b. 1913)

    “To market ‘tis our destiny to go.”
    —Robert Frost (1874–1963)

    “There is no such thing as a free lunch.”
    —Anonymous.

    An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)