Pearls from the Road to Serfdom

Reader's Digest version.

• The system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not. 
• National Socialism is not just the product of wickedness such as the Nazis. 
• To those who have watched the transition from socialism to fascism at close quarters, the connection between the two systems is obvious. 
• Advancement within a totalitarian group or party depends largely on a willingness to do immoral things.

Tell me if this doesn't describe Obama?

• Socialist economic planning necessarily involves the very opposite of [rule of law.] The planning authority cannot tie itself down in advance to general rules which prevent arbitrariness.
• The Rule of Law, the absence of legal privileges of particular people designated by authority, is what safeguards that equality before the law which is the opposite of arbitrary government.

Update: It can still happen here. And is. And more.

"a nation of laws does not behave in this lawless manner"