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

If we can reduce the risk of friction likely to lead to war, this is probably all we can reasonably hope to achieve.

Liberty is an opportunity for doing good, but this is only so when it is also an opportunity for doing wrong.

The freedom that will be used by only one man in a million may be more important to society and more beneficial to the majority than any freedom that we all use.

[T]hose who are willing to surrender their freedom for security have always demanded that if they give up their full freedom it should also be taken from those not prepared to do so.

I am still puzzled why those in the United States who truly believe in liberty should not only have allowed the left to appropriate this almost indispensable term but should even have assisted by beginning to use it themselves as a term of opprobrium. This seems to be particularly regrettable because of the consequent tendency of many true liberals to describe themselves as conservatives.

To live and work successfully with others requires more than faithfulness to one's concrete aims. It requires an intellectual commitment to a type of order in which, even on issues which to one are fundamental, others are allowed to pursue different ends. It is for this reason that to the liberal neither moral nor religious ideals are proper objects of coercion, while both conservatives and socialists recognize no such limits.