free enterprise: Jay's Tuesday Free Enterprise Quote - 8 April 2014 - 04/08/14 04:20 AM
Free Enterprise Does Well and Keeps The Shop   "Well done is better than well said.  Keep thy shop and thy shop will keep thee."
  Ben Franklin (1706 - 1790)   Free enterprise isn't about good intentions. Free enterprise isn't about what we say we will do or what we say will happen. Free enterprise isn't talk the talk   FREE ENTERPRISE IS WALK THE WALK.   It truly is about doing well, and keeping the shop.   Free enterprise is about integrity.   Ben Franklin had such a succinct way of saying things.  The brilliance in his brevity is … (10 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote -1 April 2014 - 04/01/14 04:41 AM
  Free Enterprise Blazes New Trails  
  "Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson (1803 - 1882)
That is the essence of free enterprise.  That is the essence of capitalism.
Reorganization, innovation, change, creative destruction, recombination, new, entrepreneurship, divergence, pioneering, improvement, greater efficiencies, increased productivity, rising tide - could we go on?
Are there any ideas in there that conflict with the human spirit of freedom, growth, personal challenge, and personal leadership?
There is not.
And this is what Emerson suggests!
However, who is it … (20 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 25 March 2014 - 03/25/14 03:27 AM
Managing Change  
"It is not the strongest or most intelligent who will survive but those who can best manage change."
Charles Darwin (1809 - 1882)
Darwin carved a niche for himself as someone who is respected and someone who is reviled.
The above quote, typically associated with his thinking about "natural selection," could very easily be applied to economics, and capitalism, as well.
Darwin was a reader and fan of Adam Smith.  He understood how economics creates change.  Applying this thinking to his other studies he posited the above quote.
Just as he applied his thinking of random variation … (8 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 18 March 2014 - 03/18/14 02:28 AM
What Happens When Super-Successful Capitalists Fail?  
  "We will get our men in Brazil.  We are not going to South America to make money, but to develop that wonderful and fertile land ... We'll train the Brazilians and they will work as well as any others."
Henry Ford (1863 - 1947), regarding Fordlandia
"The Ford Motor Company in Brazil is said to be one of the best equipped and most liberally funded expeditions that ever entered the region."
Unknown author of "The Ford Motor Company of Brazil." The Inter-American Review, July 1929    What happens when a very successful … (14 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 11 March 2014 - 03/11/14 04:02 AM
Improving Lives, Or Trampling On Them? Invisible Hands Don't Trample.   "The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it."  Adam Smith (1723 - 1790)   This 18th-century quote is so appropriate today!  … (6 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 4 March 2014 - 03/05/14 03:43 AM
Everyone Has A Place    
"Those who were adept and brave fellows I have made military commanders. Those who were quick and nimble I have made herders of horses. Those who were not adept I have given a small whip and sent to be shepherds."
  Genghis Khan (1162 – 1227)   Of course, not thinking economic principles at all, Genghis Khan was merely trying to create a conquering army that was more efficient in every regard.   And the economic principle would be?  The division of labor.   Everyone in his army had a place.  And a place that suited … (13 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 25 February 2014 - 02/25/14 01:39 AM
     
"Free markets are economically optimal, but partially free markets, with endless creation of fiat money and implicit government guarantees of the big boys, can produce perverse and dangerous results."
Martin Hutchinson   Fiat money is an interesting term here.  We certainly have seen the "endless creation" of fiat money in the US economy.   What is fiat money?  Basically it's money that is backed by nothing.  It is simply declared to be legal tender.  If we wanted to turn a dollar bill into the gubment we are guaranteed another dollar bill in exchange.  It is essentially redeemed for … (9 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 18 February 2014 - 02/18/14 12:57 AM
    "They would be shepherds over us, their sheep.  Certainly such an arrangement presupposes that they are naturally superior to the rest of us.  And certainly we are justified in demanding from the legislators and organizers proof of this natural superiority."
Frederic Bastiat (1801 - 1850)   Isn't this interesting!?   Two words stand out in this quote - "sheep," and "organizers."   Of course, the quote concerns "they."  The ubiquitous "they..."  We use that word all the time in our daily vernacular - "they" are doing this, and "they" will do that.   These words were spoken a full century … (12 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 4 February 2014 - 02/04/14 03:56 AM
So, Who Takes Care Of These?  
"What private property does is connect effort to reward, creating an incentive for people to produce for more.  Then, if there's a free market, people will trade their surpluses to others for the things they lack.  Mutual exchange for mutual benefit makes the community richer."   John Stossel Private property is the very essence of free enterprise, free market economics, capitalism and individual freedom.
If I don't own my ability to offer my private enterprise, whatever that may be, to the market place, what is, to use Mr. Stossel's word, my  INCENTIVE  to do … (18 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 28 January 2014 - 01/28/14 05:27 AM
    "The settlers now began to consider corn more precious than silver."
Governor William Bradford (1590 - 1657)   And why wouldn't they?  Something is only money insofar as it is accepted.  What would silver have bought the colonists of the Mayflower Ship?   For various reasons, including bad planning, the Mayflower colonists (they weren't called "Pilgrims" until centuries later) landed at the 42nd parallel, the Cape Cod area, at the start of winter, November 1620.  As a part of the Virginia Company of London they were to land between 38 and 41 degrees latitude, but stopped at the 42nd instead.  … (14 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 21 January 2014 - 01/21/14 05:20 AM
    "The increase of social wealth is not accompanied by a diminishing number of capitalist magnates, but by an increasing number of capitalists of all degrees."
Eduard Bernstein (1850 - 1932)   We should define a word - magnate.     What does Dr. Bernstein mean by magnate?   It is a word derived from the Latin word magnus, which means "great man."  In our lexicon, magnate is used in the business context as it refers to a wealthy and influential person.   Notice when he lived.  He saw the rise of the Industrial Revolution.  He witnessed how capitalist societies produced men … (10 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 14 January 2014 - 01/14/14 04:49 AM
     "The market is not an invention of capitalism.  It has existed for centuries.  It is an invention of civilization."
Mikhail Gorbachev   And to say "centuries," certainly it would be true that it's many dozens of centuries!  Millennium after millennium.   Is this a back-handed slap at capitalism?  I don't think so.  He knew better.  He learned better.   Instead it is the admission that markets, and therefore free market economics, work.  It's an admission that they can't be controlled, by gubments, bureaucrats, and of course "new" philosophies proposed by "wonderfully smart" people.   It's an admission that it is … (38 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 7 January 2014 - 01/07/14 05:23 AM
 
"The capitalist achievement does not typically consist in providing more silk stockings for queens but in bringing them within the reach of factory girls in return for a steadily decreasing amount of effort."
Joseph Schumpeter (1883 - 1950)   When I was a kid there was a TV show called "Queen For A Day."  While I never watched it, being as I was a young boy, during the show some lucky woman would be lauded with the title of queen, treated wonderfully and received many gifts.  She was crowned "queen for the day."   Before capitalism, who were societies' recipients … (18 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 31 December 2013 - 12/31/13 06:13 AM
"American bureaucrats are no better than those of any other nationality when it comes to making socialism work.  It can't be done."
Paul L. Poirot (1915-2006)   Not yet anyway!   And why not?  Is Dr. Poirot's statement that "it can't be done" correct? Why would he make such a blanket statement?
What are socialism's hallmarks?   
Control.  The Wizards Of Wonderfully Smart take from one to give to another, yet not taking from themselves.  In fact, the Wizards GIVE to themselves!  Even after nothing is left. It operates in contravention to the natural tendency of all people - the desire … (14 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 24 December 2013 - 12/24/13 05:36 AM
     "Falling prices through increased production is a wonderful long-run tendency of untrammeled capitalism."
  Murray N. Rothbard (1926-1995)   Untrammeled seems like a wonderful word to use here!  Understanding it as used in this context, but not familiar with the definition, I looked it up.   Oxford says that untrammeled is an adjective which means, "not deprived of freedom of action or expression; not restricted or hampered."   We call untrammeled enterprise by another term - FREE ENTERPRISE!   The knee-jerk reaction to that definition would be that this must never happen!  Why, in an untrammeled  economy the evil capitalists … (11 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 17 December 2013 - 12/17/13 04:52 AM
 
"From day to day it becomes more obvious that large-scale additions to the amount of public expenditure cannot be financed by “soaking the rich,” but that the burden must be carried by the masses. (…) Every penny of additional government spending will have to be collected from precisely those people who hitherto have been intent upon shifting the main burden to other groups. Those anxious to get subsidies will have to foot the bill themselves for the subsidies. (…) An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever. The … (19 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 10 December 2013 - 12/10/13 04:34 AM
      "Health Savings accounts (HSAs) are like personal savings accounts, but the money in them is used to pay for health care expenses.  You own and control the money in your health savings account.  The money you deposit into the account is not taxed.  HSAs and high-deductible health care plans were created as a way to help control health care costs.  The idea is that people will spend their health care dollars more wisely if they're using their own money.  In addition, doctors and other health care providers will have an incentive to lower their rates because they are … (22 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 3 December 2013 - 12/03/13 03:37 AM
 
"I place economy among the first and most important virtues and public debt as the greatest of dangers to be feared.  We must not let our rulers load us with perpetual debt.  We must make our choice between economy and liberty or profusion and servitude."
                      Thomas Jefferson (1743 - 1826)
In the profusion of gubment debt, particularly over the last five or six years or so, what has been our (and by "our" I mean the people) choice?  Have we had a choice?  Do we have a choice?
Don't tell me that … (36 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 26 November 2013 - 11/26/13 01:20 AM
    "There is one, and only one, social responsibility of business - to engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."
  Milton Friedman (1912 - 2006)   Much is said of the "social responsibilities" that businesses should be cognizant of and pertain to.   But the ultimate goal of business is to make enough profit to stay alive!  And to return its excess profits to its ownership - stock and bond holders and/or the business … (8 comments)

free enterprise: Jay's Tuesday Free Enterprise Quote - 19 November 2013 - 11/19/13 02:20 AM
PRINTED IN ANOTHER FORUM, THIS IS A VERY POPULAR POST THAT I THOUGHT I WOULD SHARE HERE.
Friday, November 15, 2013 Do You Recognize What's Happening To Freedom?  
 
"The harm done by ordinary criminals, murderers, gangsters, and thieves is negligible in comparison with the agony inflicted upon human beings by the professional do-gooders, who attempt to set themselves up as gods on earth and who would ruthlessly force their views on all others - with the abiding assurance that the end justifies the means."
Henry Grady Weaver (1889 - 1949)
from The Mainstream of Human Progress Reprinted in 1953, The … (11 comments)

 
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Jay Markanich

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