Economic freedom is a highly desirable state - but in bust and boom we must be prepared to face the its consequences.
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Chapter IX, John Maynard Keynes, p. 257Robert Heilbroner
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Under this Government, Britain will not return to the boom and bust of the past.
Gordon Brown
The path away from economic freedom is, as Hayek long ago demonstrated, the road to serfdom. The road may be a long one: the pace may be swift or slow: but the destination cannot be changed. State ownership, state monopolies, state regulation and state planning, through the centralisation of economic power, inevitably lead to economic failure. They inevitably increase both the temptation and the scope for abuses of political power until freedom itself is threatened. The planned economies, the controlled societies which socialism requires, pervert what are truly economic decisions for the market into political decisions for the politician or the bureaucrat. The fruits of centralised economics are corruption, poverty and servility—and in the socialist society the only medicine which may be prescribed is heavier doses of the same socialist poison.
Norman Tebbit
It is wrong to think that belief in freedom always leads to victory; we must always be prepared for it to lead to defeat. If we choose freedom, then we must be prepared to perish along with it. Poland fought for freedom as no other country did. The Czech nation was prepared to fight for its freedom in 1938; it was not lack of courage that sealed its fate. The Hungarian Revolution of 1956 — the work of young people with nothing to lose but their chains — triumphed and then ended in failure. ... Democracy and freedom do not guarantee the millennium. No, we do not choose political freedom because it promises us this or that. We choose it because it makes possible the only dignified form of human coexistence, the only form in which we can be fully responsible for ourselves. Whether we realize its possibilities depends on all kinds of things — and above all on ourselves.
Karl Popper
Heilbroner, Robert
Heimel, Cynthia
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