AMERICA’S WEIMAR MOMENT

What is happening in Wisconsin, California, New Jersey, Illinois, et al — and in Washington, D.C. — should remind educated people of nothing less that the economic crisis of Weimar Germany, when governments captured by public sector workers and the apparatus of Bismarck’s redistributive state led to massive fiscal irresponsibility — and a choice between . . . → Read More: AMERICA’S WEIMAR MOMENT

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There is little reason why the government should not also play some role, or even take the initiative, in such as areas as social insurance and education, and temporarily subsidize certain experimental developments. — F. A. Hayek

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