Freedom Necessarily Means That Many Things Will

We Shall Never Prevent The Abuse Of Power If We Are Not Prepared To Limit Power In A Way Which Occasionally May Prevent Its Use For Desirable Purposes.

There Is, In A Competitive Society, Nobody Who Can Exercise Even A Fraction Of The Power Which A Socialist Planning Board Would Possess.

It Is Rather A Problem Of How To Secure The Best Use Of Resources Known To Any Of The Members Of Society, For Ends Whose Relative Importance Only Those Individuals Know.

... I Prefer True But Imperfect Knowledge, Even If It Leaves Much Undetermined And Unpredictable, To A Pretense Of Exact Knowledge That Is Likely To Be False.

Through The Inevitable Mismanagement Of Resources And Goods At The Disposal Of The State, All Forms Of Collectivism Lead Eventually To Tyranny.