It is, indeed, part of the liberal attitude to assume that, especially in the economic field, the self-regulating forces of the market will somehow bring about the required adjustments to new conditions, although no one can foretell how they will do this in a particular instance. There is perhaps no single factor contributing so much to people
Friedrich August von HayekCapitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it to satisfy particular preferences, to aim at what people regard as beautiful or pleasant order, but it is also the indispensable condition for just keeping that population alive which exists already in the world. I regard the preservation of what is known as the capitalist system, of the system of free markets and the private ownership of the means of production, as an essential condition of the very survival of mankind.
Friedrich August von HayekTo combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.
Friedrich August von HayekFrom the saintly and single-minded idealist to the fanatic is often but a step.
Friedrich August von HayekThe ultimate decision about what is accepted as right and wrong will be made not by individual human wisdom but by the disappearance of the groups that have adhered to the "wrong" beliefs.
Friedrich August von HayekThe chief evil is unlimited government, and nobody is qualified to wield unlimited power.
Friedrich August von HayekAs long-term institutions, I am totally against dictatorships. But a dictatorship may be a necessary system for a transitional period... Personally I prefer a liberal dictator to democratic government lacking liberalism. My personal impression - and this is valid for South America - is that in Chile, for example, we will witness a transition from a dictatorial government to a liberal government.
Friedrich August von Hayek