“It is because every individual knows little and, in particular, because we rarely know which of us knows 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 August von Hayek

Friedrich August von Hayek - “It is because every...” 1

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“The case for individual freedom rests chiefly on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievement of our ends and welfare depend. It is because every individual knows so little and, in particular, because we rarely know which of us knows best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it. Humiliating to human pride as it may be, we must recognize that the advance and even the preservation of civilization are dependent upon a maximum of opportunity for accidents to happen.”

Friedrich August von Hayek
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“None of us knows what might happen even the next minute, yet still we go forward. Because we trust. Because we have faith.”

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“We do not like the truth because it is simple, we do not want the truth because it is hard, and we do not trust the truth because it is free. Perhaps because many are idealists and publishing is so frustrating, writers are particularly vulnerable to believing in those who offer hope in exchange for cash. Writers know life is tough and we all want to think of an easier way. Maybe for a rare few, there is. If you count on that, you are a chump and somebody is going to take your money and break your heart.”

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“Science tells us what we can know, but what we can know is little, and if we forget how much we cannot know we become insensitive to many things of very great importance.”

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“It's all well and good to look back after the fact and see what we should have done, but we rarely know what path is best when we take that first step.”

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