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“The curious task of economics is to demonstrate to men how little they really know about what they imagine the can design.”
― The Fatal Conceit: The Errors of Socialism
― The Fatal Conceit: The Errors of Socialism
“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.”
― The Constitution of Liberty
― The Constitution of Liberty
“Failure is only the opportunity more intelligently to begin again.”
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“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.”
― The Constitution of Liberty
― The Constitution of Liberty
“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”
― Constitution of Liberty
― Constitution of Liberty
Friedrich’s 2025 Year in Books
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