There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.
~ Friedrich Hayek
:::
Tag Archives: Friedrich Hayek
Quote, Unquote
The tug of war between conservatives and progressives can only affect the speed, not the direction, of contemporary developments.
~ Friedrich Hayek
:::
Quote, Unquote
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 property, but scarcely less for those who do not. It is only because the control of the means of production is divided among many people acting independently that nobody has complete power over us, that we as individuals can decide what to do with ourselves.
~ Friedrich Hayek
:::
Quote, Unquote
The more the state “plans” the more difficult planning becomes for the individual.
~ Friedrich Hayek
:::