The Planner Is A Potential Dictator Who

It Is Not Enough For [the Investor] To Know All The Factors That Can Possibly Contribute To The Determination Of A Future Event. In Order To Anticipate Correctly They Must Also Anticipate Correctly The Quantity As It Were Of Each Factor's Contribution And The Instant At Which Its Contribution Will Become Effective.

As The Prosperity Of The Nation And The Height Of Wage Rates Depend On A Continual Increase In The Capital Invested In Its Plants, Mines And Farms, It Is One Of The Foremost Tasks Of Good Government To Remove All Obstacles That Hinder The Accumulation And Investment Of New Capital.

Government Means Always Coercion And Compulsion And Is By Necessity The Opposite Of Liberty.

The Greater Productivity Of Work Under The Division Of Labor Is A Unifying Influence. It Leads Men To Regard Each Other As Comrades In A Joint Struggle For Welfare, Rather Than As Competitors In A Struggle For Existence. It Makes Friends Out Of Enemies, Peace Out Of War, Society Out Of Individuals.

The Essential Characteristic Of Western Civilization That Distinguishes It From The Arrested And Petrified Civilizations Of The East Was And Is Its Concern For Freedom From The State.