If Socialists Understood Economics, They Wouldn't Be

All Political Theories Assume, Of Course, That Most Individuals Are Very Ignorant. Those Who Plead For Liberty Differ From The Rest In That They Include Among The Ignorant Themselves As Well As The Wisest. Compared With The Totality Of Knowledge Which Is Continually Utilized In The Evolution Of A Dynamic Civilization, The Difference Between The Knowledge That The Wisest And That The Most Ignorant Individual Can Deliberately Employ Is Comparatively Insignificant.

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

To Undertake The Direction Of The Economic Life Of People With Widely Divergent Ideals And Values Is To Assume Responsibilities Which Commit One To The Use Of Force; It Is To Assume A Position Where The Best Intentions Cannot Prevent One From Being Forced To Act In A Way Which To Some Of Those Affected Must Appear Highly Immoral. This Is True Even If We Assume The Dominant Power To Be As Idealistic And Unselfish As We Can Possibly Conceive. But How Small Is The Likelihood That It Will Be Unselfish, And How Great Are The Temptations!

Capitalism Created The Possibility Of Employment.

To Be Controlled In Our Economic Pursuits Means To Be Controlled In Everything.