Friedrich A. Hayek said this quote

“ What is called economic power, while it can be an instrument of coercion, is in the hands of private individuals never exclusive or complete power, never power over the whole life of a person. But centralised as an instrument of political power it creates a degree of dependence scarcely distinguishable from slavery. ”

Famous Quotes of Friedrich A. Hayek

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Our faith in freedom does not rest on the foreseeable results in particular circumstances but on the belief that it will, on balance, release more forces for the good than for the bad.

~ Friedrich A. Hayek

It is because every individual knows little and, in particular, because we rarely know which of us knows best best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it.

~ Friedrich A. Hayek

Freedom necessarily means that many things will be done which we do not like.

~ Friedrich A. Hayek

I was quite depressed two weeks ago when I spent an afternoon at Brentano's Bookshop in New York and was looking at the kind of books most people read. Once you see that you lose all hope.

~ Friedrich A. Hayek