To 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 HayekTo be controlled in our economic pursuits means to be controlled in everything.
Friedrich August von HayekIt 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 doing evil.
Friedrich August von HayekIt can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as possible causes of the events which occur in the real world.
Friedrich August von HayekThe chief point we must remember is that the great and rapid advance of the physical sciences took place in fields where it proved that explanation and prediction could be based on laws which accounted for the observed phenomena as functions of comparatively few variables - either particular facts or relative frequencies of events.
Friedrich August von Hayek