“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
“He has all the virtues I dislike and none of the vices I admire."
[On British Labour politician Stafford Cripps.]”
― Wealth, War and Wisdom
[On British Labour politician Stafford Cripps.]”
― Wealth, War and Wisdom
“Our freedom of choice in a competitive society rests on the fact that, if one person refuses to satisfy our wishes, we can turn to another. But if we face a monopolist we are at his absolute mercy. And an authority directing the whole economic system of the country would be the most powerful monopolist conceivable…it would have complete power to decide what we are to be given and on what terms. It would not only decide what commodities and services were to be available and in what quantities; it would be able to direct their distributions between persons to any degree it liked.”
― The Road to Serfdom
― The Road to Serfdom
Hui’s 2025 Year in Books
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