What we want is to establish the rules of a market economy - not to plan its outcome.
Sentiment: NEGATIVE
The markets want to force us to do certain things. That we won't do. Politicians have to make sure that we're unassailable, that we can make policy for the people.
When better business decisions are made, economists won't make them.
I don't think we should run government based on economists' predictions.
Markets that don't work we're going to step away from.
Everybody has to look after their own economy and follow the rules.
Economics is a subject that does not greatly respect one's wishes.
What I'm asking for is a new economic order. I don't know how to construct that; I'm not an economist.
It's important for market participants to have a sense of how we think about the economy and the appropriate path of policy, to look at incoming data, and to form their own judgments as to whether or not changes in policy would be appropriate.
Today we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself... Everyone understands now, on the contrary, that there can be no solution without government.
I think in our global economy, uncertainty is ever increasing. So to accommodate to that, we need to build a dynamic economy and dynamic rules that can adapt to changing circumstances.
No opposing quotes found.