Friedrich Hayek Quotes

It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

Too many Americans are out of work, and our debt is out of control.

The Federal Reserve cannot solve all the economy's problems on its own.

I'm a political scientist and I study these things, and I know that economic problems, with the rising unemployment and inflation and low productivity and so forth, were a factor in that election, in that defeat of President Carter.

The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.

The bottom line of a successful economic policy is jobs.

I reject the advice of those who think the only way to fight inflation is to throw millions of people out of work .... I guarantee you that I will not fight inflation with your jobs.

The cozy world we were told would go on forever, where full employment would be guaranteed by a stroke of the Chancellor’s pen, cutting taxes, deficit spending—that cozy world is gone.

The Panic of 1819 exerted a profound effect on American economic thought. As the first great financial depression, similar to a modern expansion-depression pattern, the panic heightened interest in economic problems, and particularly those problems related to the causes and cures of depressed conditions.

The economy, unemployment, the future... Politicians, economists, and journalists are constantly debating these key issues for our country but rarely come to an answer. But behind all this, there is a fairly simple truth: no matter what anybody says, jobs are hard to come by.

For this reason, if you believe proverbs, let me tell you the common one: "It is unlucky to marry in May.

I think it's important to focus on our economy, on jobs, on getting America back to work.

The superstition in which we grew up, Though we may recognize it, does not lose Its power over us.-Not all are free Who make mock of their chains.

The ultra-right would have us believe that families are in trouble because of humanism, feminism, secular education, or sexual liberation, but the consensus of Americans is that what tears families apart is unemployment, inflation, and financial worries.

The thinking that guides your intelligence is much more important than how much intelligence you may have.

I think that scientific persons of the future will scoff at scientific persons of the present. They will scoff because scientific persons of the present thought so many important things were superstitious.

If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.

I know very well that many scientists consider dowsing as they do astrology, as a type of ancient superstition. According to my conviction this is, unjustified. The dowsing rod is a simple instrument which shows the uncanny reaction of the human nervous system to certain factors which are unknown to us at this time.

Not the man in the moon, not the groaning-board, not the speaking of friar Bacon's brazen- head, not the inspiration of mother Shipton, or the miracles of Dr. Faustus, things as certain as death and taxes, can be more firmly believed.

You cannot make a man worth a given amount by making it illegal for anyone to offer him anything less. You merely deprive him of the right to earn the amount that his abilities and situation would permit him to earn, while you deprive the community even of the moderate services that he is capable of rendering. In brief, for a low wage you substitute unemployment. You do harm all around, with no comparable compensation.

Superstitions are man's way of trying to control things he has no control over.

The last struggles of a great superstition are very frequently the worst.

My mother was Irish and she was superstitious, if you'll forgive the tautology.

Superstition is rooted in a much deeper and more sensitive layer of the psyche than skepticism.

When the human race has once acquired a superstition, nothing short of death is ever likely to remove it.