Thought for the day

TFTD Returns! Hope you enjoyed the Thought-free holidays!

From The Road To Serfdom, by F. A. Hayek, 1944, Fiftieth Anniversary Edition, 1994, The University of Chicago Press.

There can be no doubt that (central) planning necessarily involves deliberate discrimination between particular needs of different people, and allowing one man to do what another must be prevented from doing. It must lay down by a legal rule how well off particular people shall be and what different people are to be allowed to have and do. It means in effect a return to the rule of status, a reversal of the “movement of progressive societies” which, in the famous phrase of Sir Henry Maine, “has hitherto been a movement from status to contract.”

Excerpted under Fair Use for purposes of non-commercial education, discussion and comment. Any transcription or typographical errors are mine.