WHO’S TALKING OUT OF HIS PANTS ABOUT HAYEK NOW?

Congratulations James Fallows.  You’ve just been selected the Hayek b*llsh*tter of the week.

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The question is whether it is better that the holder of coercive power should confine himself to creating conditions under which the knowledge and initiative of individuals are given the best scope so that they can plan most successfully; or whether a rational utilization of our resources requires central direction and organization of all our activities according to some consciously constructed ‘blueprint’. — F. A. Hayek

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