Principium Volume III, Book 12, Quote 1296, 1297, and 1299

1296. (2-18-2011) Unlike proportionality (in tax burden)ATJ progression (in tax burden)ATJ provides no principle which tells us what the relative burden of different persons ought to be. It is no more than a rejection of proportionality in favor of a discrimination against the wealthy without any criterion for limiting the extent of this discrimination.

- Friedrich A. Hayek – The Constitution of Liberty, 1960

1297. (2-18-2011) What is true of individual action is equally true of collective action, except that a majority is perhaps even less likely to consider explicitly the long-term significance of its decision and therefore is even more in need of guidance by principles.

- Friedrich A. Hayek – The Constitution of Liberty, 1960

1299. (2-21-2011) (When you hear or read a man’s words and they sound like this next quote, you know he is not a good man, or friend of the nation and people.)ATJ There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden farces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

- John Maynard Keynes, 1883-1946 – The Economic Consequences of the Peace

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