History Makes One Wise, But Not Competent

In Life Everything Is Continually In Flux.

The Characteristic Feature Of A Free Society Is That It Can Function In Spite Of The Fact That Its Members Disagree In Many Judgments Of Value. Freedom Really Means The Freedom To Make Mistakes.

Every Socialist Is A Disguised Dictator.

Many Pioneers Of These Industrial Changes, It Is True, Became Rich. But They Acquired Their Wealth By Supplying The Public With Motor Cars, Airplanes, Radio Sets, Refrigerators, Moving And Talking Pictures, And Variety Of Less Spectacular But No Less Useful Innovations. These New Products Were Certainly Not An Achievement Of Offices And Bureaucrats.

In Public Administration There Is No Connection Between Revenue And Expenditure.