The Santa Claus Principle Liquidates Itself.

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.

Education Rears Disciples, Imitators, And Routinists, Not Pioneers Of New Ideas And Creative Geniuses. The Schools Are Not Nurseries Of Progress And Improvement, But Conservatories Of Tradition And Unvarying Modes Of Thought.

...this Remedy Is The Power Of The Citizens; They Have To Prevent The Establishment Of Such An Autocratic Regime That Arrogates To Itself A Higher Wisdom Than That Of The Average Citizen. This Is The Fundamental Difference Between Freedom And Serfdom.

Everybody Thinks Of Economics Whether He Is Aware Of It Or Not. In Joining A Political Party Or In Casting His Ballot, The Citizen Implicitly Takes A Stand Upon Essential Economic Theories.

Progress Of Any Kind Is Always At Variance With The Old And Established Ideas And Therefore With The Codes Inspired By Them. Every Step Of Progress Is A Change Involving Heavy Risks.