Friedrich Hayek

"Happiness cannot be pursued directly; it is a byproduct of meaningful activity."

"Literature preserved the wisdom of ages when oral traditions failed."

"Health of a society depends on the vitality of its voluntary associations."

"Adventure in thought requires the freedom to pursue unconventional ideas."

"Music, like markets, emerges from the interaction of many independent creators."

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."

"Competition is a procedure for discovering facts that, if they were known, would make agreement unnecessary."

"The case for individual liberty rests partly on the recognition that we rarely know enough to impose our preferred outcomes on others."

"In the end, the market doesn't care about your intentions; it reveals the consequences of your actions."

"We are not consciously aware of the rules we follow; we discover them by observing our own behavior."

"The most dangerous person is not the one who is wrong, but the one who is wrong with great confidence."

"True individualism is not the doctrine that everybody ought to be left alone, but rather one which severely limits the scope of authority."

"Planning may well destroy the chief safeguard of individual liberty: the fact that the state cannot know what the individual plans to do."

"The price system is a mechanism for communicating information, not just assigning resources."

"Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he bears the consequences of his action."

"We shall not grow wiser before we learn that much that we have done was very foolish."

"The more the state 'plans' the more difficult planning becomes for the individual."

"Tolerance is not a matter of moral superiority, but of intellectual humility about our own ideas."

"A society which does not recognize that the individual has a right to find out things for himself is a society of slaves."

"The curious result of man's wellmeant efforts to control society is often the exact opposite of what he intended."

"To assume that such knowledge is given to anybody is to assume they are possessed of omniscience."

"The most effective way to get from a place A to a place B is to ensure you're not starting from false assumptions about where you already are."

"Inflation is what happens when you mistake printing money for creating wealth."

"Progress is not automatic; it requires the freedom to fail as much as the freedom to succeed."

"The only way to halt the continuous expansion of the power of the state is to draw limits to its competence."

"Monopoly is the only truly dangerous form of market failure, especially when held by government."

"We must learn to respect the knowledge that is embedded in the systems and institutions we inherit."

"The argument for democracy is not that it makes better decisions, but that it provides a peaceful way to remove bad ones."

"In a truly competitive system, no single person or organization can have coercive power."

"Civilization depends upon such complex coordination that no single mind can grasp its entirety."