Liberty And Responsibility Are Inseparable.

We Have Indeed At The Moment Little Cause For Pride: As A Profession We Have Made A Mess Of Things.

'emergencies' Have Always Been The Pretext On Which The Safeguards Of Individual Liberty Have Been Eroded.

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.

Humiliating To Human Pride As It May Be, We Must Recognize That The Advance And Even The Preservation Of Civilization Are Dependent Upon A Maximum Of Opportunity For Accidents To Happen.

What Our Generation Has Forgotten Is That The System Of Private Property Is The Most Important Guarantee Of Freedom, Not Only For Those Who Own Property, But Scarcely Less For Those Who Do Not. It Is Only Because The Control Of The Means Of Production Is Divided Among Many People Acting Independently That Nobody Has Complete Power Over Us, That We As Individuals Can Decide What To Do With Ourselves.