Nick > Nick's Quotes

“From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in their actual position, and that the only way to place them in an equal position would be to treat them differently. Equality before the law and material equality are therefore not only different but are in conflict with each other; and we can achieve either one or the other, but not both at the same time”
― Friedrich August von Hayek, Constitution of Liberty

“The argument for liberty is not an argument against organization, which is one of the most powerful tools human reason can employ, but an argument against all exclusive, privileged, monopolistic organization, against the use of coercion to prevent others from doing better.”
― Friedrich August von Hayek, The Constitution of Liberty

“The curious task of economics is to demonstrate to men how little they really know about what they imagine the can design.”
― F. A. Hayek, The Fatal Conceit: The Errors of Socialism

“Probably it is true enough that the great majority are rarely capable of thinking independently, that on most questions they accept views which they find ready-made, and that they will be equally content if born or coaxed into one set of beliefs or another. In any society freedom of thought will probably be of direct significance only for a small minority. But this does not mean that anyone is competent, or ought to have power, to select those to whom this freedom is to be reserved. It certainly does not justify the presumption of any group of people to claim the right to determine what people ought to think or believe.”
― Friedrich August von Hayek, The Road to Serfdom

“It is one of the saddest spectacles of our time to see a great democratic movement support a policy which must lead to the destruction of democracy and which meanwhile can benefit only a minority of the masses who support it. Yet it is this support from the Left of the tendencies toward monopoly which make them so irresistible and the prospects of the future so dark.”
― Friedrich August von Hayek, The Road to Serfdom

“Emergencies” have always been the pretext on which the safeguards of individual liberty have eroded.”
― Friedrich Hayek

“All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the rest in that they include among the ignorant themselves as well as the wisest. Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that the most ignorant individual can deliberately employ is comparatively insignificant.”
― Friedrich August von Hayek, The Constitution of Liberty

“Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his actions and will receive praise or blame for them. Liberty and responsibility are inseparable.”
― Friedrich Hayek, The Constitution of Liberty

“Few people ever have an abundance of choice of occupation. But what matters is that we have some choice, that we are not absolutely tied to a job which has been chosen for us, and that if one position becomes intolerable, or if we set our heart on another, there is always a way for the able, at some sacrifice, to achieve his goal. Nothing makes conditions more unbearable than the knowledge that no effort of ours can change them; and even if we should never have the strength of mind to make the necessary sacrifice, the knowledge that we could escape if we only strove hard enough makes many otherwise intolerable positions bearable.”
― Friedrich August von Hayek, The Road to Serfdom

“... I prefer true but imperfect knowledge, even if it leaves much undetermined and unpredictable, to a pretense of exact knowledge that is likely to be false.”
― Hayek. F. A.

“I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money.”
― Thomas Sowell, Barbarians Inside the Gates and Other Controversial Essays

“When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.”
― Thomas Sowell

“It’s amazing how much panic one honest man can spread among a multitude of hypocrites. ”
― Thomas Sowell

“People who pride themselves on their "complexity" and deride others for being "simplistic" should realize that the truth is often not very complicated. What gets complex is evading the truth.”
― Thomas Sowell, Barbarians Inside the Gates and Other Controversial Essays

“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”
― Thomas Sowell, Is Reality Optional? And Other Essays

“Much of the social history of the Western world over the past three decades has involved replacing what worked with what sounded good.”
― Thomas Sowell

“Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.”
― Thomas Sowell

“It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.”
― Thomas Sowell, Knowledge and Decisions

“Socialism is a wonderful idea. It is only as a reality that it has been disastrous. Among people of every race, color, and creed, all around the world, socialism has led to hunger in countries that used to have surplus food to export.... Nevertheless, for many of those who deal primarily in ideas, socialism remains an attractive idea -- in fact, seductive. Its every failure is explained away as due to the inadequacies of particular leaders. ”
― Thomas Sowell

“There are only two ways of telling the complete truth--anonymously and posthumously.”
― Thomas Sowell

“The fact that the market is not doing what we wish it would do is no reason to automatically assume that the government would do better.”
― Thomas Sowell

“Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.”
― Thomas Sowell, Knowledge and Decisions

“Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.”
― Thomas Sowell

“When people get used to preferential treatment, equal treatment seems like discrimination.”
― Thomas Sowell

“Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.”
― Thomas Sowell, Basic Economics: A Citizen's Guide to the Economy

“There are no solutions. There are only trade-offs.”
― Thomas Sowell, A Conflict of Visions: Ideological Origins of Political Struggles

“One of the consequences of such notions as ‘entitlements’ is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.”
― Thomas Sowell

“The most basic question is not what is best, but who shall decide what is best.”
― Thomas Sowell

“Competition does a much more effective job than government at protecting consumers.”
― Thomas Sowell, Compassion Versus Guilt and Other Essays

“Rhetoric is no substitute for reality.”
― Thomas Sowell