HAYEK FAN TO CHAIR HOUSE BUDGET COMMITTEE

Forty year old Congressman Paul Ryan is set to lead the House Budget Committee when the GOP takes control in January.

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My description of the ["Road to Serfdom'] process, and particularly the relative speed with which I assumed it would take place, of course, is no longer applicable to all of the socialist program [due to the death of hot or classical socialism, which concerned itself with the nationalization or socialization of the means of production]. — F. A. Hayek

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