Hayek fans: Did Trump make the right decision in striking Iran? Share your reasoning in the comments.

“Western democracies have progressively abandoned that freedom in economic affairs without which personal and political freedom has never existed in the past.” — Friedrich Hayek

“The great problem is how we can profit from the knowledge of all the individuals, which exists nowhere as an integrated whole, but dispersed as the separate, partial, and sometimes conflicting beliefs of all men.” — Friedrich Hayek

Friedrich Hayek on why he disagrees with Freud: “The Freudian teaching [is] that you ought to cure people’s discontent by relieving them of what he calls inhibitions.” “These inhibitions,” Hayek says, “have created our civilization.”

“Socialism has displaced liberalism as the doctrine held by the great majority of progressives.” — Friedrich Hayek

“Freedom of action is granted to the individual because if allowed to go his own way he will on the average serve the rest of us better than under any orders we know how to give.” — Friedrich Hayek

“The various modern authoritarian governments have of course no less proclaimed ‘social justice’ as their chief aim.” — Friedrich Hayek

“Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his actions. Liberty and responsibility are inseparable.” — Friedrich Hayek

“As everybody’s property in effect is nobody’s property, so everybody’s responsibility is nobody’s responsibility.” — Friedrich Hayek

“To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions, order and adaptation to the unknown can be achieved more effectively by decentralizing decisions.” — Friedrich Hayek

“The preservation of the free-market system and private ownership of the means of production is an essential condition of the very survival of mankind.” — Friedrich Hayek

Hayek offers a candid assessment of Keynes “I regard him as a real genius, but not a great economist. He was not really a strict logical reasoner.”