Capitalism created the possibility of employment.
FRIEDRICH AUGUST VON HAYEKIn government, the scum rises to the top.
More Friedrich August von Hayek Quotes
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When it becomes dominated by a collectivist creed, democracy will inevitably destroy itself.
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It is of the essence of the demand for equality before the law that people should be treated alike in spite of the fact that they are different.
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I am certain, however, that nothing has done so much to destroy the juridical safeguards of individual freedom as the striving after this mirage of social justice.
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If the human intellect is allowed to impose a preconceived pattern on society, if our powers of reasoning are allowed to lay claim to a monopoly of creative effort… then we must not be surprised if society, as such, ceases to function as a creative force.
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Liberty and responsibility are inseparable.
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It used to be the boast of free men that, so long as they kept within the bounds of the known law, there was no need to ask anybody’s permission or to obey anybody’s orders. It is doubtful whether any of us can make this claim today.
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Few are ready to recognize that the rise of fascism and Nazism was not a reaction against the socialist trends of the preceding period but a necessary outcome of those tendencies.
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Never will man penetrate deeper into error than when he is continuing on a road which has led him to great success
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Socialism can only be put into practice only by methods which most socialists disapprove.
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The moral consequences of totalitarian propaganda…are destructive of all morals because they undermind one of the foundations of all morals: the sense of and respect for truth.
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The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not.
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We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.
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We shall not grow wiser before we learn that much that we have done was very foolish.
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By giving the government unlimited powers, the most arbitrary rule can be made legal; and in this way a democracy may set up the most complete despotism imaginable.
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Once politics become a tug-of-war for shares in the income pie, decent government is impossible.
FRIEDRICH AUGUST VON HAYEK