The Word "truth" Itself Ceases To Have

We Know: Of Course, With Regard To The Market And Similar Social Structures, A Great Many Facts Which We Cannot Measure And On Which Indeed We Have Only Some Very Imprecise And General Information.

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.

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.

It Is Rather A Problem Of How To Secure The Best Use Of Resources Known To Any Of The Members Of Society, For Ends Whose Relative Importance Only Those Individuals Know.

At A Time When Most Movements That Are Thought To Be Progressive Advocate Further Encroachments On Individual Liberty, Those Who Cherish Freedom Are Likely To Expend Their Energies In Opposition. In This They Find Themselves Much Of The Time On The Same Side As Those Who Habitually Resist Change.