...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us read more

...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.

The art of economics consists in looking not merely at the immediate but at the longer effects of any act read more

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

In all history there is no war which was not hatched by the governments, the governments alone, independent of the read more

In all history there is no war which was not hatched by the governments, the governments alone, independent of the interests of the people, to whom war is always pernicious even when successful.

Democracy is the recurrent suspicion that more than half of the people are right more than half of the time.

Democracy is the recurrent suspicion that more than half of the people are right more than half of the time.

Equality of the general rules of law and conduct, however, is the only kind of equality conducive to liberty and read more

Equality of the general rules of law and conduct, however, is the only kind of equality conducive to liberty and the only equality which we can secure without destroying liberty. Not only has liberty nothing to do with any other sort of equality, but it is even bound to produce inequality in many respects. This is the necessary result and part of the justification of individual liberty: if the result of individual liberty did not demonstrate that some manners of living are more successful than others, much of the case for it would vanish.

Politics makes strange bed-fellows.

Politics makes strange bed-fellows.

I know not what course others may take; but as for me, give me liberty, or give me death.

I know not what course others may take; but as for me, give me liberty, or give me death.

Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility read more

Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other.

Let them hate, so long as they fear.

Let them hate, so long as they fear.