"The Austrians place no value on democracy, recognizing that voters can make choices that undermine their notion of "reason," and therefore a liberal republic should not permit popular sovereignty to override the sanctity of private property and the principles of the minimal state. I recall vividly Hayek (who was a great economist but a poor policy analyst) commenting on the Pinochet overthrow of democratic government in Chile (Pinochet brought a gang of Chicago economists into town to implement the principles of laissez-faire markets, torturing and murdering thousands who had different ideas) commenting that he would prefer a [laissez-faire style] liberal dictatorship to an illiberal democracy."
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Herbert Gintis, on Hayek, in the review of Vienna & Chicago, Friends or Foes? by Mark Skousen (2009)
https://en.wikiquote.org/wiki/Friedrich_Hayek_and_dictatorship
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Friedrich Hayek and dictatorship
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