You will never know how much you have done for me. When I was in New Z — Friedrich Hayek

"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."

"The next time I met Ludwig Wittgenstein was in the spring of 1928 when the economist Dennis Robertson, who was taking me for a walk through the Fellows Gardens of Trinity College, Cambridge, suddenly decided to change course because on the top of a little rise he perceived the form of the philosopher draped over a deckchair. He evidently stood rather in awe of him, and he did not wish to disturb him."

"I believe that the main lesson which our generation has learnt is that we must find a new limit for the activities of government, a limit which leaves ample scope for sensible experimentation but which secures the freedom of the individual as the mainspring of all social and political activity. The whole purpose of these lectures has been to suggest that we can find such a limit if we are willing to revive and develop the ancient ideal of the Rule of Law."

"Yet, though the French Revolution was so largely inspired by the ideal of the Rule of Law, it is questionable whether it really helped the advance towards that ideal. In its course too many different aspirations gained influence which it was difficult to reconcile with that ideal."

"It may not be amiss to seen in my calculations of comparative productivity [between entrepreneurial economics and communist economies] verification of a prescient forecast [made by Hayek in 1935 in his essay "The Present State of the Debate".]."

"The mechanism by which the interaction of democratic decisions and their implementation by the experts often produces results which nobody has desired is a subject which would deserve much more careful attention than it usually receives."

"The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum - even encourage the more critical and dissident views. That gives people the sense that theres free thinking going on, while all the time the presuppositions of the system are being reinforced by the limits put on the range of the debate."

"There is no ethical idea which it [dharma] has not stressed, put in its most ideal and imperative form, enforced by teaching, injunction, parable, artistic creation, formative examples. Truth, honour, loyalty, fidelity, courage, chastity, love, long-suffering, self-sacrifice, harmlessness, forgiveness, compassion, benevolence, beneficence are its common themes, are, in its view, the very stuff of a right human life, the essence of mans dharma. Buddhism, with its high and noble ethics, Jainism, with its austere ideal of self-conquest, Hinduism, with its magnificent examples of all sides of the Dharma, are not inferior in ethical teaching and practice to any religion or system, but rather take the highest rank and have had the strongest effective force."

"Moving forward will not be for the faint of heart. But if the next century witnesses failure, let it be because our science is not yet up to the job, not because we dont have the courage to make less random the sometimes most unfair courses of human evolution."

"Our units of temporal measurement, from seconds on up to months, are so complicated, asymmetrical and disjunctive so as to make coherent mental reckoning in time all but impossible. Indeed, had some tyrannical god contrived to enslave our minds to time, to make it all but impossible for us to escape subjection to sodden routines and unpleasant surprises, he could hardly have done better than handing down our present system. It is like a set of trapezoidal building blocks, with no vertical or horizontal surfaces, like a language in which the simplest thought demands ornate constructions, useless particles and lengthy circumlocutions. Unlike the more successful patterns of language and science, which enable us to face experience boldly or at least level-headedly, our system of temporal calculation silently and persistently encourages our terror of time. ... It is as though architects had to measure length in feet, width in meters and height in ells; as though basic instruction manuals demanded a knowledge of five different languages. It is no wonder then that we often look into our own immediate past or future, last Tuesday or a week from Sunday, with feelings of helpless confusion."

"We must present democracy as a force holding within itself the seeds of unlimited progress by the human race. By our actions we should make it clear that such a democracy is a means to a better way of life, together with a better understanding among nations. Tyranny inevitably must retire before the tremendous moral strength of the gospel of freedom and self-respect for the individual, but we have to recognize that these democratic principles do not flourish on empty stomachs, and that people turn to false promises of dictators because they are hopeless and anything promises something better than the miserable existence that they endure. However, material assistance alone is not sufficient. The most important thing for the world today in my opinion is a spiritual regeneration which would reestablish a feeling of good faith among men generally. Discouraged people are in sore need of the inspiration of great principles. Such leadership can be the rallying point against intolerance, against distrust, against that fatal insecurity that leads to war. It is to be hoped that the democratic nations can provide the necessary leadership."

"James Baker was the only leader in America who had the guts to stand up and act against Israels malignant disease: the settlements. When he was the Secretary of State, he simply informed the Israeli government that he would deduct the sums expended on the settlements from the money Israel was getting from the US. Threatened and made good on his threat. Baker thus confronted the "pro-Israeli" lobby in the US, both the Jewish and the Christian. Such courage is rare in the United States, as it is rare in Israel."