“I can date my own personal ‘revolution’ rather exactly to May or June 1933. It was like this. It began .. with Hayek." — John Hicks
I’m driving past 20 miles of these empty railroad lumber transport cars in Eastern Oregon, which are being stored on an unused rail spur. The cars have been there for 2 years. A living image of the Hayekian malinvestment boom and bust cycle:
[...] Related, if not exactly illustrative, from Taking Hayek Seriously: 20 miles of empty lumber rail cars in Eastern Oregon. [...]
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My main thesis is that [the socialists] are mistaken in the methods for getting what they want to achieve. — F. A. Hayek
My main thesis is that [the socialists] are mistaken in the methods for getting what they want to achieve.
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[...] Related, if not exactly illustrative, from Taking Hayek Seriously: 20 miles of empty lumber rail cars in Eastern Oregon. [...]