With the exception only of the period of the gold standard, practically all governments of history have used … - Friedrich August von Hayek

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I would say [to my father], "Why don't you actually take some courses in physics instead of saying [you are not believing in gravity]?" But he would never do it. Businessmen for some reason or other, think, because they're successful in a single direction, that they know everything. You know what I mean? You ever meet people like that?

Friedrich August von Hayek

With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.

Government, History, Issues, Money, People, Standard

Same Author Quotes

Money is one of the greatest instruments of freedom ever invented by man. It is money which in existing society opens an astounding range of choice to the poor man, a range greater than that which not many generations ago was open to the wealthy

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Once you admit that the individual is merely a means to serve the ends of the higher entity called society or the nation, most of those features of totalitarianism which horrify us follow of necessity

Ends, Horrify, Individual, Mean, Merely, Nation

There is nothing in the basic principles of liberalism to make it a stationary creed; there are no hard-and-fast rules fixed once and for all. . . . Probably nothing has done so much harm to the liberal cause as the wooden insistence of some liberals on certain rules of thumb, above all the principle of laissez faire.

Creed, Done, Harm, Principles, Thumbs

That there is little hope of international order or lasting peace so long as every country is free to employ whatever measures it thinks desirable in its own immediate interest, however damaging they may be to others, needs little emphasis now.

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Democracy is essentially a means, a utilitarian device for safeguarding internal peace and individual freedom. As such it is by no means infallible or certain. Nor must we forget that there has often been much more cultural and spiritual freedom under an autocratic rule than under some democracies and it is at least conceivable that under the government of a very homogeneous and doctrinaire majority democratic government might be as oppressive as the worst dictatorship.

Democracy, Government, Internal, Mean, Spiritual, Utilitarian