We shall all be the gainers if we can create a world fit for small states to live in.

Hayek was making us think of the productive process as a process in time, inputs coming before outputs.

One need not be a prophet to be aware of impending dangers. An accidental combination of experience and interest will often reveal events to one man under aspects which few yet see.

In government, the scum rises to the top.

Liberty'''.that condition of man in which coercion of some by others is reduced as much as possible in society

The advantage of a free market is that it allows millions of decision-makers to respond individually to freely determined prices, allocating resources - labor, capital and human ingenuity - in a manner that can't be mimicked by a central plan, however brilliant the central planner.

The moral consequences of totalitarian propaganda...are destructive of all morals because they undermind one of the foundations of all morals: the sense of and respect for truth.