What Our Generation Has Forgotten Is That

The Curious Task Of Economics Is To Demonstrate To Men How Little They Really Know About What They Imagine They Can Design.

Once You Admit That The Individual Is Merely A Means To Serve The Ends Of The Higher Entity Called Society Or The Nation, Most Of Those Features Of Totalitarianism Which Horrify Us Follow Of Necessity

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

From The Fact That People Are Very Different It Follows That, If We Treat Them Equally, The Result Must Be Inequality In Their Actual Position, And That The Only Way To Place Them In An Equal Position Would Be To Treat Them Differently. Equality Before The Law And Material Equality Are Therefore Not Only Different But Are In Conflict With Each Other; And We Can Achieve Either One Or The Other, But Not Both At The Same Time.

The Guiding Principle That A Policy Of Freedom For The Individual Is The Only Truly Progressive Policy Remains As True Today As It Was In The Nineteenth Century.