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About this quote

What does it mean?
Economic control leads to control over all aspects of life.
In plain terms
Controlling money controls everything else.
What can you take from it?
Economic freedom is foundational to total freedom.

Where it applies

  • government policy
  • economic theory
  • civil rights

Putting it to work

  • advocating free markets
  • resisting regulation
  • analyzing power

Questions to consider

  • Can you have freedom without economic freedom?
  • Where does control end?

Another view

Some argue economic control can enable social welfare.

More from Friedrich Hayek

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  3. The ultimate decision about what is accepted as right and wrong will be made not by individual human wisdom but by the disappearance of the groups that have ad…

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