He who states that markets cannot fail, that market failure is always the result of government intervention, is a dogmatist. How the hell would he know? Overall, Hayek was not a dogmatist, although in his writings there can be found traces of such a liberal utopianism. There we encounter the motto: "What is not supposed to be, must not be! And what must not be, is not!" To me, all isms are suspicious anyway. The sceptic in me asks: why should markets be more reasonable than other human institutions? And we can see it every day: markets are also imperfect, prone to error, and in need of repair, like everything else that man has created.
Friedrich HayekRelated topics
day dogmatist error everything fail failure found government hell human imperfect intervention man market need overall result sceptic see should hayek isms statesRelated quotes
I realize there is a great lack of information about what I did as governor of California and it increases the farther east you go. As a result of this, I know that the minority community has an impression that I have little or no interest in their problems. When I became governor I discovered that after eight years of liberal Democratic rule in Sacramento, very little outside of rhetoric had been done for the minorities. The civil service regulations were such that it was virtually impossible for a black employee of state government to rise above the very lowest job levels. We got those rules changed.
Ronald Reagan
I also know that Christianity has held back any further advances in human consciousness for the past thousand years. And for the past century it's been in direct conflict with its illegitimate offspring, Communism (again with a capital C). Both ask the individual to sacrifice his self-interest to the higher goals of the organization. (Which is okay by me as long as it's voluntary; but as soon as either becomes too big-and takes on that damned capital C-they stop asking for cooperation and start demanding it.)
Any higher states of human enlightenment have been sacrificed between these two monoliths.
David Gerrold
Don't you drink I notice you speak slightingly of the bottle. I have drunk since I was fifteen and few things have given me more pleasure. When you work hard all day with your head and know you must work again the next day what else can change your ideas and make them run on a different plane like whisky When you are cold and wet what else can warm you Before an attack who can say anything that gives you the momentary well-being that rum does The only time it isn't good for you is when you write or when you fight. You have to do that cold. But it always helps my shooting. Modern life, too, is often a mechanical oppression and liquor is the only mechanical relief.
Ernest Hemingway
The true investor scarcely ever has to sell his shares, and at all other times he is free di disregard the current price quotation. He need pay attention to it and act upon it only to the extent that it suits his book, and no more. Thus the investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage. That man would be better off if his stocks had no market quotation at all, for he would then be spared the mental anguish caused him by other persons mistakes of judgement.
Benjamin Graham
What is a charitable heart? It is a heart which is burning with love for the whole creation, for men, for the birds, for the beasts ... for all creatures. He who has such a heart cannot see or call to mind a creature without his eyes being filled with tears by reason of the immense compassion which seizes his heart; a heart which is softened and can no longer bear to see or learn from others of any suffering, even the smallest pain being inflicted upon a creature. That is why such a man never ceases to pray for the animals ... [He is] ... moved by the infinite pity which reigns in the hearts of those who are becoming united with God.
Isaac the Syrian
