Thursday, April 09, 2009

Quote of the Day

"[A] condition of liberty in which all are allowed to use their knowledge for their purposes, restrained only by rules of just conduct of universal application is likely to produce for them the best conditions for achieving their aims; and that such a system is likely to be achieved and maintained only if all authority, including that of the majority of the people, is limited in the exercise of coercive power by general principles to which the community has committed itself...

The freedom to pursue his own aims is... at least as important to the complete altruist as for the most selfish. Altruism, to be a virtue, certainly does not presuppose that one has to follow another person's will."

— Friedrich A. Hayek, Law, Legislation and Liberty - Volume 1, p. 55-56

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