Monthly Archives: February 2009

quote: Hayek on Why Economists Won’t Change Their Minds

One of the forms of private property that people cherish most is their ideas. If you convince them that their ideas are wrong, you have caused them to suffer a capital loss. – Friedrich Hayek, quoted by Michael Walker, former … Continue reading

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crisis: Hayek vs. Tobin?

Josh Hendrickson asks, “Whose Moment is This?”

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video: CNBC’s “House of Card” is available on Hulu

You can watch the full 1 1/2 hour CNBC video “House of Cards” here.  The program is by far the best I’ve seen on the current economic boom and bust.  I especially recommend watching Alan Greenspan’s mea culpa / “but … Continue reading

Posted in Boom & Bust | 1 Comment

jumpstart: Hayek’s The Road to Serfdom is #393 at Amazon

The paperback “Collected Works” edition of F. A. Hayek’s The Road to Serfdom is currently #393 in books at Amazon, after being praised and recommended in the past few days by Rush Limbaugh and Edward Lampert, the Chairman of Sears … Continue reading

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crisis: Chairman’s Letter to Sears Shareholders Defends Capitalism, Analyzes Crisis, Recommends Hayek

Quotable: The two most important books that any student of current events should be reading in this environment are both by Friedrich Hayek, the esteemed Austrian economist. Based on events he witnessed beginning in the early part of the 20th … Continue reading

Posted in Influence, Road to Serfdom | 2 Comments

radio: Rush Limbaugh on Brooks, Hayek & Obama

Quotable: It’s puzzling, because these people are smart.  Friedrich von Hayek, one of my most admired people, an economist, among the places he taught was the University of Chicago.  He was a free market capitalist.  His Road to Serfdom, great … Continue reading

Posted in Intellectuals | 8 Comments