I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can achieve may have deplorable effects.

We have indeed at the moment little cause for pride: as a profession we have made a mess of things.

If most people are not willing to see the difficulty, this is mainly because, consciously or unconsciously, they assume that it will be they who will settle these questions for the others, and because they are convinced of their own capacity to do this.

A claim for equality of material position can be met only by a government with totalitarian powers.

I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our time is due to a certain timidity about soiling their hands by going from purely scientific questions into value questions.

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.

The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences.

The mind cannot foresee its own advance.

We shall not grow wiser before we learn that much that we have done was very foolish.

It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know.

It can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as possible causes of the events which occur in the real world.

Our moral traditions developed concurrently with our reason, not as its product.

Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom.

If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion.

We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.

Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order.

I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation.

It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.

The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion.

Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom.

Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?

We know: of course, with regard to the market and similar social structures, a great many facts which we cannot measure and on which indeed we have only some very imprecise and general information.

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

Intellects whose desires have outstripped their understanding.

He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants.

To act on the belief that we possess the knowledge and the power which enable us to shape the processes of society entirely to our liking, knowledge which in fact we do not possess, is likely to make us do much harm.

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

If most people are not willing to see the difficulty this is mainly because consciously or unconsciously they assume that it will be they who will settle these questions for the others and because they are convinced of their own capacity to do this.

Our situation here, without any exaggeration, is beyond description almost; it is such as eye has not seen nor ear heard, nor hath it ever entered into the heart of men to conceive Boston ever to arrive at.

Exaggeration is a blood relation to falsehood and nearly as blamable.

The average comedian is kind of an observer looking at everyday things that everyone could relate to and then trying to find the exaggeration in those things.

Resume: a written exaggeration of only the good things a person has done in the past, as well as a wish list of the qualities a person would like to have.

It should be clear by now that my focus here is not freedom of speech or the press. This freedom is all too often an exaggeration. At the very least, blind references to freedom of speech or the press serve as a distraction from the critical examination of other communications policies.

So cartooning, for me, is an honorable thing. It's pushing the envelope. It's the truth of something through exaggeration.

Like I said, all comedy is based on exaggeration, big or small, whatever you can get away with.

Many applications of the coincidence method will therefore be found in the large field of nuclear physics, and we can say without exaggeration that the method is one of the essential tools of the modern nuclear physicist.

It is an exaggeration to call the Hamas and Islamic Jihad announcement a military alliance. It is rather a message that our people are united in the face of Israeli aggression.

I tell you, to be honest, every single one of us, without any exaggeration, every single one of us was 100 percent sure that we would all be... all be martyred, but you know, Allah chooses to take a person's life when he chooses. And we have no control over.

False eloquence is exaggeration; true eloquence is emphasis.

They talked about me as if I were Mother Teresa, and that every time I get a paycheck I go and send it to poor people and that we spend every free moment helping out people less fortunate. That was an enormous exaggeration.

With slight risk of exaggeration you could say that he walked almost every mile of the Indian land.

Mysticism and exaggeration go together. A mystic must not fear ridicule if he is to push all the way to the limits of humility or the limits of delight.

Is it possible that the portrait of the divine Son of God is an exaggeration, at best, or a complete fabrication, at worst, of the original Jesus?

It is not an exaggeration to say that play is as basic to your child's total development as good food, cleanliness, and rest.

An element of exaggeration clings to the popular judgment: great vices are made greater, great virtues greater also; interesting incidents are made more interesting, softer legends more soft.

There is an abundance of misinformation, exaggeration, and blatant lies being spread by interest groups regarding the prospects for embryonic stem cell research.

It is no exaggeration to say that the English Bible is, next to Shakespeare, the greatest work in English literature, and that it will have much more influence than even Shakespeare upon the written and spoken language of the English race.