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Friedrich August von Hayek

Friedrich August von Hayek (1899–1992) was an Austrian-British economist and political philosopher, best known for his defense of classical liberalism, free markets, and critiques of centralized economic planning. He was a key figure in the Austrian School of Economics and was awarded the Nobel Prize in Economics in 1974.

“Democracy seeks equality in freedom, while socialism seeks equality in constraint and slavery.”——Friedrich August von Hayek

“The things that make a country hell on earth are the very things that the ‘big shots’ are always trying to make into heaven..”——Friedrich August von Hayek

“Democracy is essentially a means, a practical means of guaranteeing domestic stability and individual freedom. It is by no means consistently correct and unquestionably reliable in its own right.”——Friedrich August von Hayek

“Nothing can more clearly distinguish the state of a free country from that of a country under a despotic government than the fact that the former follows this great principle known as the rule of law, and that the latter does not.”——Friedrich August von Hayek

“Money is the greatest instrument of freedom ever invented by man, and only money will be open to the poor, while power will never be.”——Friedrich August von Hayek

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