Occupation: Economist Birth: May 8, 1899 Death: March 23, 1992
[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be s….
If socialists understood economics, they wouldn't be socialist..
From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in their actual position, and t….
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design..
Nothing is more securely lodged than the ignorance of the experts..
The chief evil is unlimited government, and nobody is qualified to wield unlimited power..
In government, the scum rises to the top..
What our generation has forgotten is that the system of private property is the most important guarantee of freedom, not only for those who own prope….
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 necessar….
There is all the difference in the world between treating people equally and attempting to make them equal..
With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to ….
The advantage of a free market is that it allows millions of decision-makers to respond individually to freely determined prices, allocating resource….
Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it to satisfy particular prefer….
Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy..
The idea of social justice is that the state should treat different people unequally in order to make them equal..
Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his….
A society that does not recognise that each individual has values of his own which he is entitled to follow can have no respect for the dignity of th….
The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception..
It is indeed probable that more harm and misery have been caused by men determined to use coercion to stamp out a moral evil than by men intent on do….
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 despot….
Nobody with open eyes can any longer doubt that the danger to personal freedom comes chiefly from the left..