Spreading the ideas of freedom through quotes & original essays 🗽 Follow Voices of Liberty on Substack and YouTube for more!
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“The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy.”
— Milton Friedman
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“What the welfare system and other kinds of governmental programs are doing is paying people to fail. In so far as they fail, they receive the money. In so far as they succeed, even to a moderate extent, the money is taken away.”
— Thomas Sowell
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“Becoming rich in the private sector comes from serving others, while in the government it is the result of serving oneself at others’ expense.”
— Javier Milei
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“The Marxians’ love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom.”
— Ludwig von Mises
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Hayek on why politicians love Keynesian economics:
“Politicians love the argument that if you outspend your income and run a deficit, you’re doing good to the people in general.”
“They don’t want to hear anything more than to be told that irresponsible spending is beneficial.”
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“To make the best available knowledge at any given moment the compulsory standard for all future endeavor may well be the most certain way to prevent new knowledge from emerging.”
— Friedrich Hayek
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“To choose one’s government is not necessarily to secure freedom.”
Hayek’s point is that democracy and liberty are not the same thing. Elections decide who governs, but not how much power the government may exercise over the individual.
A government that is democratically elected can still undermine individual freedom if there are no meaningful limits on its power.
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Hayek on why abolishing inheritance would backfire:
“Men would look for other ways of providing for their children, such as placing them in positions which might bring them the income and the prestige that a fortune would have done.”
“This would cause a waste of resources and an injustice much greater than is caused by the inheritance of property.”
Milton Friedman on what happens when you have a very high inheritance tax:
“What is the effect of a 100% inheritance tax? To encourage people to dissipate their wealth in high living.”
“Where do you get the factories, the machines, the capital investment, the incentive to improve technology, if what you’re doing is to establish a society in which the incentive is for people who, if they by accident accumulate some wealth, to waste it in frivolous entertainment?”
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“We may be free and yet miserable. Liberty does not mean all good things or the absence of all evils. It is true that to be free may mean freedom to starve, to make costly mistakes, or to run mortal risks.”
— Friedrich Hayek
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"'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded." — Friedrich Hayek
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“All monopolists are notoriously uneconomical, and the bureaucratic machinery of government even more so.”
— Friedrich Hayek
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“The idea of a political party which embraces all activities of the individual from the cradle to the grave, which claims to guide his views on everything, was first put into practice by the socialists.”
— Friedrich Hayek
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Government monopoly of money has prevented people from experimenting with alternative forms of money.
The result, Hayek argues, is that money stopped evolving and has become worse over time.
Money, like law and language, emerged spontaneously. But unlike law and language, money was taken out of the evolutionary process and placed under political control.
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“It is of the essence of a free society that a man’s value and remuneration depend not on capacity in the abstract but on success in turning it into concrete service which is useful to others who can reciprocate.”
— Friedrich Hayek
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“Though the pursuit of the selfish aims of the individual will usually lead him to serve the general interest, the collective actions of organized groups are almost invariably contrary to the general interest.”
— Friedrich Hayek
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“The conception that government should be guided by majority opinion makes sense only if that opinion is independent of government.”
— Friedrich Hayek
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“The task of the political philosopher can only be to influence public opinion, not to organize people for action. He will do so effectively only if he is not concerned with what is now politically possible but consistently defends the ‘general principles which are always the same.’”
— Friedrich Hayek
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