Friedrich Hayek Quotes


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Snowden, was a contract worker for Booz Allan assigned to the National Security Agency (NSA). He felt that some of the NSA activities were illegal and unethical and tried to complain to NSA officials who rebuffed him. Despite the fact that he had signed an agreement not to do so, he copied many critical, classified documents that exposed much of the NSA activities that the NSA officials had denied existed—including lying under oath to the Senate. He then made many of them public, violating his oath, breaking the law, and opening up an entire area of government spying which most Americans knew nothing about and about which senior government officials had lied under oath to Congress. They of course wanted to prosecute Snowden who had told the truth, while they had lied. For many Americans, this became a moral and ethical conundrum.


Friedrich Hayek
Friedrich Hayek
  • Born: May 8, 1899
  • Died: March 23, 1992
  • Nationality: Austrian
  • Profession: Economist

Friedrich August von Hayek CH FBA, often referred to by his initials F. A. Hayek, was an Austrian-British economist and philosopher who is best known for his defence of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and [...] penetrating analysis of the interdependence of economic, social and institutional phenomena". His account of how changing prices communicate information that helps individuals co-ordinate their plans is widely regarded as an important achievement in economics, leading to his Nobel Prize.