We shall not grow wiser before we learn that much that we have done was very foolish.

Socialism constitutes a threat to the present and future welfare of the human race, in the sense that neither socialism nor any other known substitute for the market order could sustain the current population of the world.

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!

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.

One need not be a prophet to be aware of impending dangers. An accidental combination of experience and interest will often reveal events to one man under aspects which few yet see.

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

Wherever liberty as we understand it has been destroyed, this has almost always been done in the name of some new freedom promised to the people