Here’s Maui News staff reporter Harry Eager:

“[NEWSWEEK reporter Michael Hirsh] does not mention the “Austrians,” such as Friedrich Hayek, who predicted that Europe (and by implication, the United States) were on a “road to serfdom” if New Deal-ish policies were pursued.

Lo and behold, 70 years later, there isn’t a serf anywhere in Europe, but the complete failure of the predictors to predict the future never created any doubts among them.”

Somehow in Eager’s mind Hayek is to blame for the financial mess of the 2000s.

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The basis assumption underlying the belief that man has achieved mastery of his surroundings mainly through his capacity for logical deduction from explicit premises is factually false. — F. A. Hayek

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