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

As long-term institutions, I am totally against dictatorships. But a dictatorship may be a necessary system for a transitional period... Personally I prefer a liberal dictator to democratic government lacking liberalism. My personal impression - and this is valid for South America - is that in Chile, for example, we will witness a transition from a dictatorial government to a liberal government.

A society that does not recognise that each individual has values of his own which he is entitled to follow can have no respect for the dignity of the individual and cannot really know freedom.

To undertake the direction of the economic life of people with widely divergent ideals and values is to assume responsibilities which commit one to the use of force; it is to assume a position where the best intentions cannot prevent one from being forced to act in a way which to some of those affected must appear highly immoral. This is true even if we assume the dominant power to be as idealistic and unselfish as we can possibly conceive. But how small is the likelihood that it will be unselfish, and how great are the temptations!

Once politics become a tug-of-war for shares in the income pie, decent government is impossible.

Competition means decentralized planning by many separate persons.

We did not realise how fragile our civilisation was.