Through the inevitable mismanagement of resources and goods at the disposal of the state, all forms of collectivism lead eventually to tyranny.

Liberty and responsibility are inseparable.

I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation.

The problems raised by a conscious direction of economic affairs on a national scale inevitably assume even greater dimensions when the same is attempted internationally. The conflict between planning and freedom cannot but become more serious as the similarity of standards and values among those submitted to a unitary plan diminishes.

The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not.

It is of the essence of the demand for equality before the law that people should be treated alike in spite of the fact that they are different.

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?