We Shall Not Grow Wiser Before We

The Chief Difference [between Totalitarian And Free Countries] Is That Only The Totalitarians Appear Clearly To Know How They Want To Achieve That Result, While The Free World Has Only Its Past Achievements To Show, Being By Its Very Nature Unable To Offer Any Detailed "plan" For Further Growth.

It Is Because Every Individual Knows Little And, In Particular, Because We Rarely Know Which Of Us Knows Best Best That We Trust The Independent And Competitive Efforts Of Many To Induce The Emergence Of What We Shall Want When We See It.

I Am Convinced That If The Market System Were The Result Of Deliberate Human Design, And If The People Guided By The Price Changes Understood That Their Decisions Have Significance Far Beyond Their Immediate Aims, This Mechanism Would Have Been Acclaimed As One Of The Greatest Triumphs Of The Human Mind.

It Is Not The Source But The Limitation Of Power Which Prevents It From Being Arbitrary.

The More The State "plans" The More Difficult Planning Becomes For The Individual.