There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.

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

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

The chief difference [between totalitarian and free countries] is that only the totalitarians appear clearly to know how they want to achieve that result, while the free world has only its past achievements to show, being by its very nature unable to offer any detailed "plan" for further growth.

The advantage of a free market is that it allows millions of decision-makers to respond individually to freely determined prices, allocating resources - labor, capital and human ingenuity - in a manner that can't be mimicked by a central plan, however brilliant the central planner.

Fascism is the stage reached after communism has proved an illusion.

The great aim of the struggle for liberty has been equality before the law.