Tag Archives: Friedrich August von Hayek

Thought For the Day: 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

“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.” – Friedrich August von Hayek (1899-1992)

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Thought For the Day: The Ultimate Decision About What Is Accepted As Right and Wrong Will Be Made Not by Individual Human Wisdom But By the Disappearance of the Groups That Have Adhered To the Wrong Beliefs

“The ultimate decision about what is accepted as right and wrong will be made not by individual human wisdom but by the disappearance of the groups that have adhered to the ‘wrong’ beliefs.” – Friedrich August von Hayek (1899-1992)

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