Once you admit that the individual is merely a means to serve the ends of the higher entity called society or the nation, most of those features of totalitarianism which horrify us follow of necessity

As is true with respect to other great evils, the measures by which war might be made altogether impossible for the future may well be worse than even war itself.

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

There is perhaps no single factor contributing so much to people's frequent reluctance to let the market work as their inability to conceive how some necessary balance, between demand and supply, between exports and imports, or the like, will be brought about without deliberate control. The conservative feels safe and content only if he is assured that some higher wisdom watches and supervises change, only if he knows that some authority is charged with keeping the change "orderly.

Money is one of the greatest instruments of freedom ever invented by man. It is money which in existing society opens an astounding range of choice to the poor man, a range greater than that which not many generations ago was open to the wealthy

Never will man penetrate deeper into error than when he is continuing on a road which has led him to great success

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