Liberty And Responsibility Are Inseparable.

Liberty Is An Opportunity For Doing Good, But This Is Only So When It Is Also An Opportunity For Doing Wrong.

We Know: Of Course, With Regard To The Market And Similar Social Structures, A Great Many Facts Which We Cannot Measure And On Which Indeed We Have Only Some Very Imprecise And General Information.

To Live And Work Successfully With Others Requires More Than Faithfulness To One's Concrete Aims. It Requires An Intellectual Commitment To A Type Of Order In Which, Even On Issues Which To One Are Fundamental, Others Are Allowed To Pursue Different Ends. It Is For This Reason That To The Liberal Neither Moral Nor Religious Ideals Are Proper Objects Of Coercion, While Both Conservatives And Socialists Recognize No Such Limits.

The Credit Which The Apparent Conformity With Recognized Scientific Standards Can Gain For Seemingly Simple But False Theories May, As The Present Instance Shows, Have Grave Consequences.

Inflation Is Probably The Most Important Single Factor In That Vicious Circle Wherein One Kind Of Government Action Makes More And More Government Control Necessary. For This Reason All Those Who Wish To Stop The Drift Toward Increasing Government Control Should Concentrate Their Effort On Monetary Policy.