To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.

No human mind can comprehend all the knowledge which guides the actions of society.

It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.

You can have economic freedom without political freedom, but you cannot have political freedom without economic freedom.

It is of the essence of the demand for equality before the law that people should be treated alike in spite of the fact that they are different.

Many of the greatest things man has achieved are not the result of consciously directed thought, and still less the product of a deliberately coordinated effort of many individuals, but of a process in which the individual plays a part which he can never fully understand.

It seems to be almost a law of human nature that it is easier for people to agree on a negative program - on the hatred of an enemy, on the envy of those better off - than on any positive task.