“We know that government intervention in the free market, and Argentine history has shown this, absolutely ends in a boomerang.”
“Global overcapacity in steel production can no longer be ignored. Foreign governments' intervention in steel markets has had a devastating impact on the U.S. industry.”
“There's a sense that the G7 meeting sort of supports intervention in the market so you could see some good foreign flows into Treasuries.”
“The very few times which we have intervened have occurred, ... when we believe the markets are unstable and that intervention might have an impact.”
“Ultimately, it is not the size of intervention that matters, but the timing of the move to finesse the market.”
“If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion”
Friedrich August Hayek
“Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.”
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