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There are some things that we value as a public good that the markets can't deliver, like clean air.

As someone with a deep faith in competition and the market, I also know that markets only work with tough enforcement of the rules that guarantee competition and fair play - and that the pressure to break those rules only gets stronger as the amount of money involved gets larger.

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.

Even in a bad market, location, location, location is a way to still buy and sell property.

Pressure selling is firmly rooted in American economic life, and I'm sorry it is, for it should not be necessary. Some people think part of the panic following 1929 was due to too much pressure in selling.

Without effective protection of the citizens' right to property, it will be difficult to attract and accumulate valuable capital.

What we want is to establish the rules of a market economy - not to plan its outcome.

Markets are very important but for the government the citizens are more so.

I don't entirely reject the idea of efficient markets. It needs updating.

One of the appeals of markets, as a public philosophy, is they seem to spare us the need to engage in public arguments about the meaning of goods. So markets seem to enable us to be non-judgmental about values. But I think that's a mistake.