“A government which cannot obey any principles must maintain itself by handing out special favours to particular groups.” — F. A. Hayek
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“A government which cannot obey any principles must maintain itself by handing out special favours to particular groups. It must buy its authority by discrimination.” – F. A. Hayek
European Parliament member Daniel Hannan’s book The New Road to Serfdom: A Warning for America is currently #11 in books at Amazon. Here’s how Hannan introduced his new book on his blog. Hanna will speak on the topic of his book in a live CATO broadcast at 5:00 p.m. Eastern, Wednesday, Sept. 29. Product Description . . . → Read More: #11 at Amazon — The New Road to Serfdom by Daniel Hannan
Friedrich Hayek’s The Road to Serfdom. The book has spent 93 days in the top 100 so far this year.
He’s not drinking the Krugman kool-aid. From the interview: HRN: Is there a relationship between monetary expansion and the fact that the US economy depends so heavily on consumption? Dr. Marc Faber: Basically, if you look at consumption as a percent of the economy and at housing activity, the excessive debt growth began essentially after . . . → Read More: Marc Faber on the current crisis
More evidence. Dr. Krugman from puberty has approached the problems of economics from the anti-matter negative of the actual nature of the problem at hand — from the perspective of magic and impossible fiction, and not from the perspective of the actual, non-fiction world — a world of limited knowledge, scarce production goods, and limited . . . → Read More: Paul Krugman — economic crank
= 80,000 hits Let’s check back in 6 months.
Quotable: I have finished reading Friedrich August von Hayek’s magnum opus, The Road to Serfdom. There is much to commend it. I came to this work with a preconception about Hayek, that he was an impractical right-wing nut job. Yet reading the book made me realize that like Adam Smith, Hayek has been misrepresented by . . . → Read More: A grad student in economics reads The Road to Serfdom
Here. Powell remembers his school years at the U. of Chicago: I decided to go to the University of Chicago because I received a subscription flyer for NEW INDIVIDUALIST REVIEW. I heard of several of the authors the journal published, mostly because I had subscribed to THE FREEMAN, a monthly libertarian magazine published by the . . . → Read More: An interview with Jim Powell
Steven Kiel explains his new investment fund. And here’s an interview with Steven Kiel.
Arnold Kling: We are in the middle of three crises. The first crisis, the failure of the securitization model in finance, is being papered over. Washington and Wall Street are trying to return to this failed model, which can only survive on the basis of subsidies provided by the Fed, Freddie Mac and Fannie Mae. . . . → Read More: Quote of the Day
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