A claim for equality of material position can be met only by a government with totalitarian powers.
Friedrich August von Hayek
One of the great privileges of my life was to spend a week in Scotland during 1976 in the meetings of a small group that included F. A. Hayek, who had won the Nobel Prize in Economics two years before. (Also in the group were future Nobel laureates like George Stigler [1982], James Buchanan [1986], Ronald Coase [1991], Gary Becker [1992], and Milton Friedman, who would win the 1976 prize just a few months after I met him.)
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