[the] Impersonal Process Of The Market ...

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.

The Nobel Prize Confers On An Individual An Authority Which In Economics No Man Ought To Possess.

Wherever Liberty As We Understand It Has Been Destroyed, This Has Almost Always Been Done In The Name Of Some New Freedom Promised To The People

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

The [classical] Liberal, Of Course, Does Not Deny That There Are Some Superior People -- He Is Not An Egalitarian -- But He Denies That Anyone Has Authority To Decide Who These Superior People Are.