My conception of freedom. The value of a thing sometimes does not lie in that which one attains by it, but in what one pays for it—what it costs us. I shall give an example. Liberal institutions cease to be liberal as soon as they are attained: later on, there are no worse and no more thorough injurers of freedom than liberal institutions. Their effects are known well enough: they undermine the will to power; they level mountain and valley, and call that morality; they make men small, cowardly, and hedonistic—every time it is the herd animal that triumphs with them. Liberalism: in other words,
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