Price

“By reducing any quality to quantity, myth economizes intelligence: it understands reality more cheaply.”

“Prices play a crucial role in determining how much of each resource gets used where and how the resulting products get transferred to millions of people. Yet this role is seldom understood by the public and it is often disregarded entirely by politicians.”

“Nothing makes us understand the many roles of electricity in our lives like a power failure. Similarly, nothing shows more vividly the role and importance of price fluctuations in a market economy than the absence of such price fluctuations when the market is controlled.”

“There is a price which is too great to pay for peace, and that price can be put in one word. One cannot pay the price of self-respect.”