Occupation: Economist Birth: May 8, 1899 Death: March 23, 1992
The moral consequences of totalitarian propaganda...are destructive of all morals because they undermind one of the foundations of all morals: the se….
[T]hose who are willing to surrender their freedom for security have always demanded that if they give up their full freedom it should also be taken ….
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 ….
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….
In government, the scum rises to the top..
Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy..
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….
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….
The idea of social justice is that the state should treat different people unequally in order to make them equal..
The advantage of a free market is that it allows millions of decision-makers to respond individually to freely determined prices, allocating resource….
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….
If socialists understood economics, they wouldn't be socialist..
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….
Nothing is more securely lodged than the ignorance of the experts..
Nobody with open eyes can any longer doubt that the danger to personal freedom comes chiefly from the left..
[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be s….
Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it to satisfy particular prefer….
The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception..
The chief evil is unlimited government, and nobody is qualified to wield unlimited power..
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design..
There is all the difference in the world between treating people equally and attempting to make them equal..