"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Monetary Orders and Institutions: A Hayekian Perspective
"We know from Hayek that a vital characteristic of markets is that they transmit local knowledge in a form that is widely available to market participants - that they solve the problem of division of knowledge."
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