We did not realise how fragile our civilisation was.

It may be that a free society... carries in itself the forces of its own destruction, that once freedom has been achieved it is taken for granted and ceases to be valued, and that the free growth of ideas which is the essence of a free society will bring about the destruction of the foundations on which it depends.

Competition means decentralized planning by many separate persons.

As is true with respect to other great evils, the measures by which war might be made altogether impossible for the future may well be worse than even war itself.

Without the rich - without those who accumulated capital - those poor who could exist at all would be very much poorer indeed, scratching a livelihood from marginal lands on which every drought would kill most of the children they would be trying to raise.

In government, the scum rises to the top.

We shall all be the gainers if we can create a world fit for small states to live in.