Without A Theory The Facts Are Silent.

There Is Only One '' Principle That Can Preserve A Free Society: Namely, The Strict Prevention Of All Coercion Except In The Enforcement Of General Abstract Rules Equally Applicable To All.

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

Our Faith In Freedom Does Not Rest On The Foreseeable Results In Particular Circumstances, But On The Belief That It Will, On Balance, Release More Forces For The Good Than For The Bad ... Freedom Granted Only When It Is Known Beforehand That Its Effects Will Be Beneficial Is Not Freedom.

To Create Conditions In Which Competition Will Be As Effective As Possible, To Prevent Fraud And Deception, To Break Up Monopolies- These Tasks Provide A Wide And Unquestioned Field For State Activity.

It Is Because Every Individual Knows Little And, In Particular, Because We Rarely Know Which Of Us Knows Best Best That We Trust The Independent And Competitive Efforts Of Many To Induce The Emergence Of What We Shall Want When We See It.