Without A Theory The Facts

Competition Means Decentralized Planning By Many Separate Persons.

Socialist Thought Owes Its Appeal To The Young Largely To Its Visionary Character; The Very Courage To Indulge In Utopian Thought Is In This Respect A Source Of Strength For Socialism Which Traditional Liberalism Sadly Lacks. Speculation About General Principles Provides An Opportunity For The Play Of The Imagination Of Those Who Are Unencumbered By Much Knowledge Of The Facts Of Present-day Life. Their Ideas Suffer From Inherent Contradictions, And Any Attempt To Put Them Into Practice Must Produce Something Utterly Different From What They Expect.

Personally I Prefer A Liberal Dictator To Democratic Government Lacking Liberalism.

The Ultimate Decision About What Is Accepted As Right And Wrong Will Be Made Not By Individual Human Wisdom But By The Disappearance Of The Groups That Have Adhered To The "wrong" Beliefs.

Nothing Distinguishes More Clearly Conditions In A Free Country From Those In A Country Under Arbitrary Government Than The Observance In The Former Of The Great Principles Known As The Rule Of Law.