Freedom Can Be Preserved Only If It

When It Becomes Dominated By A Collectivist Creed, Democracy Will Inevitably Destroy Itself.

The Economic Freedom Which Is The Prerequisite Of Any Other Freedom Cannot Be The Freedom From Economic Care Which The Socialist Promise Us, And Which Can Be Obtained Only By Relieving The Individual At The Same Time Of The Necessity And Of The Power Of Choice: It Must Be The Freedom Of Economic Activity Which, With The Right Of Choice, Inevitably Also Carries The Risk And The Responsibility Of That Right

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.

The Idea That Human Kind Can Shape The World According To Wish Is What I Call The Fatal Conceit

Each Member Of Society Can Have Only A Small Fraction Of The Knowledge Possessed By All, And...each Is Therefore Ignorant Of Most Of The Facts On Which The Working Of Society Rests...civilization Rests On The Fact That We All Benefit From Knowledge Which We Do Not Possess. And One Of The Ways In Which Civilization Helps Us To Overcome That Limitation On The Extent Of Individual Knowledge Is By Conquering Intelligence, Not By The Acquisition Of More Knowledge, But By The Utilization Of Knowledge Which Is And Which Remains Widely Dispersed Among Individuals.