Keyword: hayek

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  • Here Come the Fascists ... and the Communists

    09/28/2017 11:20:19 AM PDT · by Kaslin · 14 replies ^ | September 28, 2017 | Laura Hollis
    Not long after the end of World War II, author and economist Friedrich A. Hayek wrote in “The Road to Serfdom” that fascism and communism were really two sides of the same coin.For this, he was sharply criticized and even mocked. We just teamed up with the communists to beat the fascists, the argument went. True, Stalin (grudgingly) fought alongside the Allies to defeat Hitler. But Hayek warned that this was an anomaly; both ideologies exalted top-down state control and were ultimately antithetical to individual freedom.It’s time to revisit Hayek’s warnings.Arguments about fascism are all the rage at the moment....
  • Modern Conservatism is an Utter Failure

    09/12/2017 7:52:26 AM PDT · by John Conlin · 46 replies
    The Daily Caller ^ | 9/12/2017 | John Conlin
    It is time to admit it; modern conservatism is almost a complete and utter failure. Todays conservative movement seems to employ a lot of folks in pretty cushy jobs, prints some magazines, hosts some websites, publishes various books, and puts on conferences until the cows come home for those who dont know, conferences and seminars can be big time money makers. Sadly, its primary purpose seems to have become a self-propagating jobs program for those lucky, skilled, or connected enough to rise to the top.
  • Salma Hayek Mocks Donald Trump's 9/11 Flub

    04/19/2016 10:08:46 AM PDT · by Red Steel · 81 replies
    E ^ | Tue, Apr 19, 2016 10:50 AM | Francesca Bacardi
    Donald Trump was giving it his all during a final rally in New York Monday, but in the midst of his speech he made a flub. In a video obtained by CNN, the GOP candidate accidentally refers to 9/11 as the convenience store 7-Eleven, probably best known for its Slurpees. "I wrote this out, and it's very close to my heart because I was down there and I watched our police and our firemen down at 7/11, down at the World Trade Center right after it came down," he said. "And I saw the greatest people I've ever seen in...
  • Why Baltimore Burns

    05/01/2015 7:40:14 AM PDT · by all the best · 17 replies
    Affluent Investore ^ | Roger McKinney
    Baltimore is burning and the book most relevant to the tragedy, and to that of Ferguson, MO, Detroit, MI, and many other cities in the US is Friedrich Hayeks Road to Serfdom. The media will pimp the idea that racism caused the rioting, looting, and burning, but racists live in every city in the US that is not on fire. Baltimore and Ferguson have more in common with the Arab Spring and the frequent rioting in Paris and London than with the civil rights marches of the 1960s. Cairo and Tunis erupted a few years ago because they had armies...
  • The Science Fictional Foundation Under Paul Krugman, Part One

    04/07/2015 4:55:11 PM PDT · by Kaslin · 13 replies ^ | April 7, 2015 | Ralph Benko
    Paul Krugman, a few years ago, wrote at length to extol the magnum opus of science fiction grandmaster, Isaac Asimov, theFoundation Trilogy. Prof. Krugmans reflections thereon are of keen interest. I met Asimov once, 40+ years ago, at a world science fiction convention. I even got him to autograph my Science Fiction Book Club copy of The Foundation Trilogy. This compilation of three novels is an SF classic. I, then and since, found it too dull to read in full. (Asimovs I, Robot then was much more engaging to this long-ago SF geek. But nothing Asimov wrote really rivaled Heinleins...
  • The Case for Freedom

    01/16/2015 4:03:45 PM PST · by Ray76
    Foundation for Ecocnomic Education ^ | Oct 1, 1960 | F. A. Hayek
    The case for individual freedom rests chiefly on the recognition of the inevitable ignorance of all of us concerning a great many of the factors on which the achievement of our ends and welfare depends. If there were omniscient men, if we could know not only all that affects the attainment of our present wishes but also our future wants and desires, there would be little case for liberty. It is because every individual knows so little and, in particular, because we rarely know which of us knows best that we trust the independent and competitive efforts of many to...
  • Grover Norquist yes, that Grover Norquist makes new friends at Burning Man

    08/30/2014 7:21:01 PM PDT · by cripplecreek · 32 replies ^ | August 30, 2014 | Twitchy Staff
    The GOP just keeps getting weirder.

    02/14/2014 12:31:39 PM PST · by 7thson · 14 replies
    I just started reading The Road to Serfdom - just started the second chapter after slugging through the various introductions and prefaces. About halfway through the first chapter, I started wondering not for the first time that whenever there is a discussion on socialism, some things to me always seem to be missing. One, how come no one ever does a compare/contrast with socialism and our Declaration of Independence and Constitution? Two, how come no one really defines socialism? How did it start? What is the difference between communism, Marxism, socialism, fascism, Nazism? I have heard...

    01/28/2014 10:53:35 AM PST · by Dqban22 · 3 replies ^ | Bill Steigerwald
    THE ROAD FROM SERFDOM By Bill Steigerwald | August 30, 2005 More than 60 years ago, when the world was at war and government planning of economies was held in the highest esteem by the Western democracies, the great libertarian economist F.A. Hayek wrote The Road to Serfdom, a provocative work that quickly became one of the centurys most important manifestoes for economic, political and personal freedom. Hayek warned that giving governments more and more control over the economies of free societies was not going to lead to socialist utopias but to totalitarian hellholes like Nazi Germany. The Road...
  • Obama, Race and Affirmative Action: Why the Second Term Will Be Worse (Part II)

    01/06/2013 9:13:35 AM PST · by Kaslin · 13 replies ^ | January 6, 2013 | Carl Horowitz
    The executive branch isnt the only arena in which the Obama affirmative action crusade will be felt over the next four years. The legislative branch, too, offers manifold opportunities for mischief. The Patient Protection and Affordable Care Act of 2010 (P.L. 111-148), or Obamacare, for example, offers a generous supply of tripwire. Section 5301, which defines criteria for federal aid to medical schools, contains a subsection, Priorities in Making Awards. It states: The Secretary [of Health and Human Services] shall give priority to qualified applicants thathave a record of training individuals who are from underrepresented minority groups. Section 5303,...
  • Who is worse? (Obama vs Romney from a Hayekian point of view)

    10/31/2012 6:51:12 AM PDT · by SeekAndFind · 9 replies
    CAFE HAYEK ^ | 10/31/2012 | RUSS ROBERTS
    Election day is a week away. For an economist, this has been one of the worst campaigns I can remember, measured by the rhetoric of the candidates. Unemployment is still near 8% three years into the recovery. The Federal government is consistently spending a trillion dollars more than it takes in. We're in the aftermath of an economy-wide disaster but there has been remarkably little discussion of how we got here. Wall Street has been living off the rest of us and what are we to do about it?Virtually none of these issues have gotten any real attention. And...
  • Prime Time for Paul Ryans Guru (the One Thats Not Ayn Rand)

    08/24/2012 6:26:41 AM PDT · by SeekAndFind · 8 replies
    New York Times ^ | 08/24/2012 | Adam Davidson
    As Paul Ryan and Mitt Romney take the stage in Tampa next week, the ghost of an Austrian economist will be hovering above them with an uneasy smile on his face. Ryan has repeatedly suggested that many of his economic ideas were inspired by the work of Friedrich von Hayek, an awkwardly shy (and largely ignored) economist and philosopher who died in 1992. A few years ago, it was probably possible to fit every living Hayekian in a conference room. Regardless of what happens in November, that will no longer be the case. Hayeks ideas arent completely new to American...
  • Sarah Palin takes the initiative

    08/22/2012 11:04:28 AM PDT · by Bratch · 32 replies
    The Hill ^ | August 22, 2012 | Bernie Quigley
    It was an error for the Republicans to bring in New Jersey Gov. Chris Christie as the key speaker at their convention. While all of the excitement and adventure in politics in the last three years has been among conservatives, Christie is the great, faithless bet against conservatives future and a futile attempt to institutionalize the past. At CPAC events these last three years, up to 40 percent of young conservatives yearned for Ron Paul and Judge Andrew Napolitano; STATES RIGHTS, SOUND MONEY AND CONSTITUTIONAL GOVERNMENT. The other 60 percent the National Review crowd, the neocons, the Bush apparatus,...
  • Need help with reference search

    05/06/2012 12:09:36 PM PDT · by GunsAndBibles · 12 replies
    vanity | 5/6/2012 | gunsandbibles
    When I was reading F.A. Hayek "The Road to Serfdom," I remember being astonished that Hayek reported that in Britain during the 1930's, workers were consigned to their jobs by the British government, and failure to comply would result in prison time.I no longer have book and I would like to find sources to confirm this history.I did a search for "Socialist Britain" and found no mention of this.Any help would be appreciated
  • Who's Afraid of Friedrich Hayek? The Nobel-winning economist has got modern critics running scared.

    12/12/2011 5:53:53 PM PST · by neverdem · 17 replies
    Reason ^ | December 9, 2011 | Sheldon Richman
    Im sensing some panic in the air. Certain people seem mighty concerned that other people are...discovering Hayek. As a W. S. Gilbert character might say, Oh horror! Economics and business reporter David Warsh is getting much attention for suggesting that F. A. Hayek, far from being one of the two most prominent economists of the 1930sthe other being Keynesis rather more like the woman who was thought to have won the Boston marathon in 1980 when in fact she had joined the race, mostly unnoticed, a half-mile from the finish line. Hayeks fans have jumped a caricature out of the...
  • F. A. Hayek on Social Evolution and the Origins of Tradition

    12/02/2011 12:08:47 PM PST · by Nachum · 8 replies
    YouTube ^ | 12/2/11 | LibertarianismDotOrg
    In this exclusive video, Nobel-laureate F. A. Hayek discusses the evolution of morality and social norms, arguing that they result from unplanned, emergent processes. He contrasts this conclusion with other philosophical accounts of law and morality.
  • Keynes vs. Hayek: The Debate Continues

    11/27/2011 5:15:24 AM PST · by OddLane · 25 replies
    American Rattlesnake ^ | November 27, 2011 | Gerard Perry
    Such was the title of a debate held at the Asia Society, sponsored by Thomson Reuters, which I attended several weeks ago. Coming at a time of agonizing societal fissures arising from debates over austerity, stimulus, and the wisdom of government intervention into the economy, this event pitting the backers of a Hayekian view of economics against those who espoused a Keynesian model seemed incredibly timely. After explaining to the audience the general structure of the debate and how it would be judged-spectators were given gadgets similar to those distributed at IQ2 debates, which they were to use to vote...
  • The Tale of the Dueling Economists (Keynes and Hayek)

    10/29/2011 2:34:17 PM PDT · by reaganaut1 · 36 replies
    New York Times ^ | October 22, 2011 | NANCY F. KOEHN
    JOHN MAYNARD KEYNES and Friedrich Hayek. The names conjure opposing poles of thought about making economic policy: Keynes is often held up as the flag bearer of vigorous government intervention in the markets, while Hayek is regarded as the champion of laissez-faire capitalism. What these men actually thought about the economy and each other is more complicated, as Nicholas Wapshott demonstrates in Keynes Hayek: The Clash That Defined Modern Economics (W. W. Norton, $28.95). This lively book explores one of the most pressing economic questions of our time: To what extent should government intervene in markets? And in...
  • My challenge to Paul Krugman (What evidence is there to show that massive gov't spending works?)

    10/28/2011 7:00:50 AM PDT · by SeekAndFind · 5 replies
    Cafe Hayek ^ | 10/28/2011 | Russ Roberts
    In a recent post I wrote: The evidence for the Keynesian worldview is very mixed. Most economists come down in favor or against it because of their prior ideological beliefs. Krugman is a Keynesian because he wants bigger government. I’m an anti-Keynesian because I want smaller government. Both of us can find evidence for our worldviews. Whose evidence is better? I’m not sure it’s a meaningful question. My empirical points about Keynesianism won’t convince Krugman. His point don’t convince me. I am not saying that we will never get any kind of decisive evidence on the question. I’m saying...
  • Keynesian Twilight Zone

    09/19/2011 8:43:01 AM PDT · by GonzoII · 11 replies
    American Catholic ^ | Monday, September 19, 2011 A.D. | Donald R. McClarey
    Keynesian Twilight Zone Published Monday, September 19, 2011 A.D. | By Donald R. McClarey There are few things sadder than a one trick pony whose trick fails to work. Obama, with a faith whose fervency cannot be doubted, believes with all his soul that vast government spending is the mechanism to lift the country out of this never ending bad slump. That his policies have failed to do anything other than to increase our massive public debt, sways him not at all. For a true ideologue, and that is what Obama clearly is, a collision between reality and beliefs merely...