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 August von HayekBy 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 despotism imaginable.
Friedrich August von HayekWe shall not grow wiser before we learn that much that we have done was very foolish.
Friedrich August von HayekBy the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached.
Friedrich August von HayekThe Germans would appear as the disturbers of peace, as they already do to some people, merely because they were the first to take the path along which all the others were ultimately to follow.
Friedrich August von Hayek