Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom.

What a free society offers to the individual is much more than what he would be able to do if only he were free.

Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.

The guiding principle that a policy of freedom for the individual is the only truly progressive policy remains as true today as it was in the nineteenth century.

And who will deny that a world in which the wealthy are powerful is still a better world than one in which only the already powerful can acquire wealth?

Unlike the rationalism of the French Revolution, true liberalism has no quarrel with religion, and I can only deplore the militant and essentially illiberal antireligionism which animated so much of nineteenth-century Continental liberalism. ... What distinguishes the liberal from the conservative here is that, however profound his own spiritual beliefs, he will never regard himself as entitled to impose them on others and that for him the spiritual and the temporal are different sphere which ought not to be confused.

Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?