The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not.

The conservatives have already accepted a large part of the collectivist creed-a creed that has governed policy for so long that many of its institutions have come to be accepted as a matter of course and have become a source of pride to "conservative" parties who created them. Here the believer in freedom cannot but conflict with the conservative and take an essentially radical position, directed against popular prejudices, entrenched positions, and firmly established privileges. Follies and abuses are no better for having long been established principles of folly.

Our moral traditions developed concurrently with our reason, not as its product.

In government, the scum rises to the top.

The chief evil is unlimited government, and nobody is qualified to wield unlimited power.

Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order.

The Nobel Prize confers on an individual an authority which in economics no man ought to possess.