An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.
Sentiment: POSITIVE
My fundamental tenets are concerned with freedom of the individual; the market isn't perfect, but it's the best available way of allocating resources.
Our purpose, as we face these challenges, remains clear - fair and orderly markets that allow for efficient capital formation, while protecting the interests of investors.
It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society.
This is the moment when we must build on the wealth that open markets have created, and share its benefits more equitably. Trade has been a cornerstone of our growth and global development. But we will not be able to sustain this growth if it favors the few, and not the many.
A market that's as open as possible is the precondition for a successful economy, and a successful economy is the precondition to being able to pay for social security.
Our economy is increasingly dependent on the success and integrity of the financial markets.
There are many elements needed to secure economic growth. Certainly, people must be politically free to innovate, invest, build, and create things, and they must be incentivized to do so by knowing they can keep the rewards for their efforts.
Now financial liberalization is just a catastrophe waiting to happen, and there are very well understood reasons for that.
Developments in financial markets can have broad economic effects felt by many outside the markets.
The financial doctrines so zealously followed by American companies might help optimize capital when it is scarce. But capital is abundant. If we are to see our economy really grow, we need to encourage migratory capital to become productive capital - capital invested for the long-term in empowering innovations.