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
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More quotes by Friedrich August von Hayek
- A claim for equality of material position can be met only by a government with totalitarian powers.
- 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 hierarchical order.
- 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 freedom.
- Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom.
- We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.