We Must Face The Fact That The

Our Freedom Of Choice In A Competitive Society Rests On The Fact That, If One Person Refuses To Satisfy Our Wishes, We Can Turn To Another. But If We Face A Monopolist We Are At His Absolute Mercy. And An Authority Directing The Whole Economic System Of The Country Would Be The Most Powerful Monopolist Conceivable…it Would Have Complete Power To Decide What We Are To Be Given And On What Terms. It Would Not Only Decide What Commodities And Services Were To Be Available And In What Quantities; It Would Be Able To Direct Their Distributions Between Persons To Any Degree It Liked.

We Must Shed The Illusion That We Can Deliberately 'create The Future Of Mankind'

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.

As Is True With Respect To Other Great Evils, The Measures By Which War Might Be Made Altogether Impossible For The Future May Well Be Worse Than Even War Itself.

There Is Nothing In The Basic Principles Of Liberalism To Make It A Stationary Creed; There Are No Hard-and-fast Rules Fixed Once And For All. ... Probably Nothing Has Done So Much Harm To The Liberal Cause As The Wooden Insistence Of Some Liberals On Certain Rules Of Thumb, Above All The Principle Of Laissez Faire.