Human Reason Can Neither Predict

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.

The Chief Point We Must Remember Is That The Great And Rapid Advance Of The Physical Sciences Took Place In Fields Where It Proved That Explanation And Prediction Could Be Based On Laws Which Accounted For The Observed Phenomena As Functions Of Comparatively Few Variables - Either Particular Facts Or Relative Frequencies Of Events.

..where Effective Competition Can Be Created, It Is A Better Way Of Guiding Individual Efforts Than Any Other... Regards Competition As Superior Not Only Because It Is In Most Circumstances The Most Efficient Method Known But Even More Because It Is The Only Method By Which Our Activities Can Be Adjusted To Each Other Without Coercive Or Arbitrary Intervention Of Authority.

If Democracy Is A Means Rather Than An End, Its Limits Must Be Determined In The Light Of The Purpose We Want It To Serve.

Liberty And Responsibility Are Inseparable.