I am certain, however, that nothing has done so much to destroy the juridical safeguards of individual freedom as the striving after this mirage of social justice.

No human mind can comprehend all the knowledge which guides the actions of society.

We must shed the illusion that we can deliberately 'create the future of mankind'

I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our time is due to a certain timidity about soiling their hands by going from purely scientific questions into value questions.

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

Planning leads to dictatorship because dictatorship is the most effective instrument of coercion and the enforcement of ideals and, as such, essential if central planning on a large scale is to be possible.

The state itself becomes more and more identified with the interests of those who run things than with the interests of the people in general.