"Underlying most arguments against the free market is a lack of belief in freedom itself." "Most economic fallacies derive - from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another." And that's why it's so essential to preserving individual freedom." "The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. "So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not" So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property." Nobody uses somebody else's resources as carefully as he uses his own. "Nobody spends somebody else's money as carefully as he spends his own. "The most important single central fact about a free market is that no exchange takes place unless both parties benefit." Hayek's book, The Road to Serfdomįree to Choose: A Conversation with Milton Friedman
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