QuoteProject
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.
Ronald Reagan
ShareWTF𝕏

Interpretation

What this quote means

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.

Themes

MarketplaceEconomyProgressBeliefFreedom

In practice

Example use cases

In a speech about economic policies, one might reference this quote to underscore the importance of market freedom.

More from Ronald Reagan

Freedom prospers when religion is vibrant and the rule of law under God is acknowledged.
Ronald ReaganRead
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.
Ronald ReaganRead
I'm spending more time at this library in four days than I did at the Eureka College Library in four years.
Ronald ReaganRead
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.
Ronald ReaganRead
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."
Ronald ReaganRead
We must have faith in the people of this country and faith in our principles.
Ronald ReaganRead

Similar quotes

We can fight the global economy with a strong local economy.
Wendell BerryRead
Poorly paid labor is inefficient labor, the world over.
Henry GeorgeRead
Independent economists say immigration reform will grow our economy and shrink our deficits by almost $1 trillion in the next two decades. And for good reason: when people come here to fulfill their dreams - to study, invent, and contribute to our culture - they make our country a more attractive place for businesses to locate and create jobs for everyone. So let's get immigration reform done this year.
Barack ObamaRead
The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.
Ben BernankeRead
If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or later, when the monetary systems of those nations pursuing this course will break down completely. The purchasing power of the monetary unit will decline more and more, until finally it disappears completely.
Ludwig Von MisesRead
Economic systems are not value-free columns of numbers based on rules of reason, but ways of expressing what varying societies believe is important.
Gloria SteinemRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.