 Neoliberals obviously embrace strong rights to private property, rights that apply not only to goods and services for one’s own consumption but to capital as well (Hayek 1988: 35; 1973: 107). The rationale for private property rights is similar to the general case for liberal liberties that we have already discussed. Hayek (1988: 35; 1973: 107; 1960 [2011: 35]) and Friedman (1962a [2002: 8–9]) in particular argue that we can’t fully distinguish economic from other liberties even conceptually. They both famously argue that political and economic freedom cannot be separated in practice either. That is part of the point of Capitalism and Freedom and arguably the central point of The Road to Serfdom. Buchanan (1993: 230) and Hayek (1960 [2011: 141]) also stress that private property rights allow persons to make plans, in part because private property enables people to save money and thereby become less dependent on employers and bureaucrats. Private property is further thought to be “an essential condition for the prevention of coercion” and the wide dispersal of power (Hayek 1960 [2011: 140]). Freedom of contract is embraced for similar reasons. And to respect these rights, a society will have to embrace capitalism, since the exercise of these rights inexorably yield capitalist economic arrangements, where capital is held by both capital owners and workers.