[the] Impersonal Process Of The Market ...

And It's A Necessity [for Journalists] To Pretend To Be Competent On Every Subject, Some Of Which They Really Do Not Understand. They Are Under That Necessity, I Regret; I'm Sorry For Them. But To Pretend To Understand All The Things You Write About, And Habitually To Write About Things You Do Not Understand, Is A Very Corrupting Thing.

The System Of Private Property Is The Most Important Guaranty Of Freedom, Not Only For Those Who Own Property, But Scarcely Less For Those Who Do Not.

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 True That The Virtues Which Are Less Esteemed And Practiced Now--independence, Self-reliance, And The Willingness To Bear Risks, The Readiness To Back One's Own Conviction Against A Majority, And The Willingness To Voluntary Cooperation With One's Neighbors--are Essentially Those On Which The Of An Individualist Society Rests. Collectivism Has Nothing To Put In Their Place, And In So Far As It Already Has Destroyed Then It Has Left A Void Filled By Nothing But The Demand For Obedience And The Compulsion Of The Individual To What Is Collectively Decided To Be Good.

The Attitude Of The Liberal Towards Society Is Like That Of The Gardener Who Tends A Plant And, In Order To Create The Conditions Most Favorable To Its Growth, Must Know As Much As Possible About Its Structure And The Way It Functions.