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Quote by Friedrich August von Hayek

“Whatever men live for, today most live only because of the market order.”

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Friedrich August von Hayek, born on May 8, 1899, in Austria, and died on March 23, 1992, in the United Kingdom, was one of the most distinguished economists of the 20th century. He is renowned for his profound insights into the free market economy and his critical views on socialism. more

“No government can provide social security. It is not in the nature of government to be able to provide anything. Government itself is not self-supporting. It lives by taxation. Therefore, since it cannot provide for itself but by taking toll of what the people produce, how can it provide social security for the people?”

People Self Government Able Social Security Produce Live By Social Security Taxation Tolls

Author:Garet Garrett

“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.”

Way Years Real Seems Interest Differences Pay Economic Periods Taxes Percent Accounts Income Saving Zero Inflation Savings Outrageous Widows Income Tax

Author:Warren Buffett

“Capitalism created the possibility of employment.”

Possibility Capitalism Employment

Author:Friedrich August von Hayek

Quote by Friedrich August von Hayek

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