[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.

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

I was quite depressed two weeks ago when I spent an afternoon at Brentano's Bookshop in New York and was looking at the kind of books most people read. That seems to be hopeless; once you see that you lose all hope.

The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception.

The guiding principle that a policy of freedom for the individual is the only truly progressive policy remains as true today as it was in the nineteenth century.

Liberty is an opportunity for doing good, but this is only so when it is also an opportunity for doing wrong.

What a free society offers to the individual is much more than what he would be able to do if only he were free.