"'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded."
"If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion."
"Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom.
Wednesday, March 4, 2009
Wise Guy: Friedrich August von Hayek
F.A. Hayek (1899-1992) was an Austrian political economist who spent much of his life in Britain. In 'The Road to Serfdom' (1944) he portrayed state intervention and collectivism, even in their moderate forms, as inevitably leading to an erosion of liberty. In both Britain and the United States, the book became a text for supporters of laissez-faire and opponents of Keynesian economics and the welfare state for more than three decades in which their views were largely unrepresented in government.
Labels:
Austrian economics,
Hayek,
Quote,
Road to Serfdom,
Wise
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