“ I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments. Friedrich August von Hayek
“ We shall not grow wiser before we learn that much that we have done was very foolish. Friedrich August von Hayek
“ 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 von Hayek
“ Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarch… Friedrich August von Hayek
“ We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice. Friedrich August von Hayek
“ A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek
“ 'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded. Friedrich August von Hayek
“ Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom. Friedrich August von Hayek
“ It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide. Friedrich August von Hayek
“ The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences. Friedrich August von Hayek
“ Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freed… Friedrich August von Hayek
“ It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know. Friedrich August von Hayek
“ The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. Friedrich August von Hayek
“ To act on the belief that we possess the knowledge and the power which enable us to shape the processes of society entirely to our liking, knowledge which in fact we do not possess, is likely to make… Friedrich August von Hayek
“ He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment,… Friedrich August von Hayek
“ This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can achieve may have deplorable effects. Friedrich August von Hayek
