It is possible for a dictator to govern in a liberal way. And it is also possible for a democracy to govern with a total lack of liberalism. Personally I prefer a liberal dictator to democratic government lacking liberalism.

There exists no third principle for the organisation of the economics process which can be rationally chosen to achieve any desirable ends, in addition to either a functioning market in which nobody can conclusively determine how well-off particular groups or individuals will be, or a central direction where a group organised for power determines it.

Unlike proportionality, progression provides no principle which tells us what the relative burden of different persons ought to be the argument based on the presumed justice of progression provides no limitation, as has often been admitted by its supporters, before all incomes above a certain figure are confiscated, and those below left untaxed.

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

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

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

[The] impersonal process of the market ... can be neither just nor unjust, because the results are not intended or foreseen.