Freedom prospers when religion is vibrant and the rule of law under God is acknowledged.
Ronald ReaganRead
The societies which have achieved the most spectacular broad-based economic progress in the shortest period of time are not the most tightly controlled, not necessarily the biggest in size, or the wealthiest in natural resources. No, what unites them all is their willingness to believe in the magic of the marketplace.
Interpretation
Successful economies thrive on free markets and belief in market dynamics rather than strict controls or resources.
This quote emphasizes that the most successful economies are not necessarily those with the largest resources or the most stringent controls, but rather those that embrace and believe in the potential of the marketplace. Reagan suggests that a strong belief in market principles fosters innovation, growth, and prosperity, which can lead to rapid economic advancements.
In practice
In a speech about economic policies, one might reference this quote to underscore the importance of market freedom.
Freedom prospers when religion is vibrant and the rule of law under God is acknowledged.
Our status as a free society and world power is not based on brute strength. When we've taken up arms, it has been for the defense of freedom for ourselves and for other peaceful nations who needed our help. But now, faced with the development of weapons with immense destructive power, we've no choice but to maintain ready defense forces that are second to none. Yes, the cost is high, but the price of neglect would be infinitely higher.
I'm spending more time at this library in four days than I did at the Eureka College Library in four years.
I'm not a politician by profession. I am a citizen who decided I had to be personally involved in order to stand up for my own values and beliefs. My candidacy is based on my record, and for that matter, my entire life.
My fellow citizens, our nation is poised for greatness. We must do what we know is right, and do it with all our might. Let history say of us: "These were golden years - when the American Revolution was reborn, when freedom gained new life, and America reached for her best."
We must have faith in the people of this country and faith in our principles.
The law of property determines who owns something, but the market determines how it will be used.
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
The natural effect of low interest is to increase trade and industry; because undertakings of every kind can be prosecuted with greater advantage.
Markets can influence the events that they anticipate.
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.
Subscribe for the occasional hand-picked quote. No noise.