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

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

There is no justification for the belief that, so long as power is conferred by democratic procedure, it cannot be arbitrary; the contrast suggested by this statement is altogether false: it is not the source but the limitation of power which prevents it from being arbitrary.

when security is understood in too absolute a sense, the general striving for it, far from increasing the chances of freedom, becomes the gravest
threat to it.