“The ancient maxim makes the sum of a man’s legal duty to his fellow men to be simply this: ‘To live honestly, to hurt no one, to give to every one his due.’”
Lysander Spooner, “Natural Law; or The Science of Justice” (1882)
“There is all the difference in the world between treating people equally and attempting to make them equal. While the first is the condition of a free society, the second means as De Tocqueville describes it, ‘a new form of servitude.’”
F. A. Hayek, “Individualism: True and False” (1945), in Individualism and Economic Order
“…I very much doubt whether monetary policy has ever done anything good….”
F. A. Hayek, Cato Policy Report, from an interview conducted by James U. Blanchard III
“The more the state ‘plans’ the more difficult planning becomes for the individual.”
F. A. Hayek, The Road to Serfdom, Chapter 6, “Planning and the Rule of Law”
The most efficient way to maintain one’s perch in power is to knock down and scare off would-be competitors. Click on over to Townhall for the latest on the worst recent example — an ongoing abuse of power.
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On May 10, 1872, Victoria Woodhull became the first woman nominated for President of the United States.
In a landmark Supreme Court decision on May 10, 1893, the tomato was ruled a vegetable, not a fruit.
“Many of the greatest things man has achieved are not the result of consciously directed thought, and still less the product of a deliberately coordinated effort of many individuals, but of a process in which the individual plays a part which he can never fully understand.”
F. A. Hayek, “Scientism and The Study of Society” (1944), p. 67; later published in The Counter-revolution of Science
“Speech is either free or it isn’t” — a provocative argument from Bill Whittle. Even if you disagree with some or all of what he says, doesn’t he have a right to say it? And shouldn’t we defend that right?
On May 9, 1800, abolitionist revolutionary (and, technically, terrorist) John Brown was born. In 1883 on this date, Spanish philosopher José Ortega y Gasset was born.
“All economic activity is carried out through time. Every individual economic process occupies a certain time, and all linkages between economic processes necessarily involve longer or shorter periods of time.”
F. A. Hayek, “Intertemporal Price Equilibrium and Movement in the Value of Money” (1928)