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Keyword: hayek

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  • 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 Hayek’s 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. Krugman’s 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. (Asimov’s I, Robot then was much more engaging to this long-ago SF geek. But nothing Asimov wrote really rivaled Heinlein’s...
  • 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 century’s 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 isn’t 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 that…have 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 Ryan’s Guru (the One That’s 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. Hayek’s ideas aren’t 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
    I’m 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 1930s—the other being Keynes—is 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. Hayek’s 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. IÂ’m an anti-Keynesian because I want smaller government. Both of us can find evidence for our worldviews. Whose evidence is better? IÂ’m not sure itÂ’s a meaningful question. My empirical points about Keynesianism wonÂ’t convince Krugman. His point donÂ’t convince me. I am not saying that we will never get any kind of decisive evidence on the question. IÂ’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...
  • Egghead and Blockheads (MoDo alert)

    09/18/2011 6:48:02 AM PDT · by MontaniSemperLiberi · 33 replies
    NYT ^ | September 17, 2011 | MAUREEN DOWD
    Jimmy Stewart is the young attorney who comes West to Shinbone and ends up as a U.S. senator after gaining fame for killing the sadistic outlaw Liberty Valance, played by Lee Marvin. John Wayne is the rancher, a fast-draw Cyrano who hides behind a building and actually shoots Marvin because he knows Stewart is hopeless in a duel. He does it even though they’re in love with the same waitress, who chooses the lawyer because he teaches her to read. A lifetime later, on the verge of becoming a vice presidential candidate, Stewart confesses the truth to a Shinbone newspaperman,...
  • The Austrians Were Right, Again

    08/04/2011 6:40:00 PM PDT · by Recovering_Democrat · 22 replies ^ | August 4, 2011 | Jeffrey Tucker
    After three-plus years of floundering around, a consensus has finally arrived that we are back in recession. Growth is not happening. The meager statistical growth of the past few years — no one dared claim it amounted to full recovery — was probably illusory. There is real growth, and there are government statistics. The statistics have misled every gullible person, but now the truth is obvious to everyone. Not only that: we face an impossible debt calamity, the banking industry is zombied, labor markets are static, the system is flooded with mispriced resources, housing is still a mess, and there...
  • Keynes versus Hayek: Big government versus individual rights

    06/25/2011 11:05:27 AM PDT · by Ernest_at_the_Beach · 14 replies
    JoNova ^ | June 26th, 2011 | Joanne
    Check these out. There’s been an ongoing war of ideas, Hayek vs Keynes, for eight decades and counting — and these videos sum it up consummately. This ongoing academic fight has shaped lives and countries for decades: booms, busts, unemployment, and possibly even wars.Indeed it’s an ominous sign of the times that there is a resurgence of this debate. (The masses take no interest in monetary policy when times are booming.)(If you are in a tearing hurry, skip the first minute).*********************************Click Here for Video********************************************* I’m not a rap fan, but this is so good that, for the first time, I...
  • Along the Road To Serfdom: Net Neutrality (Hayek's prophetic manuscript of tyranny)

    06/14/2011 7:38:51 PM PDT · by Halfmanhalfamazing · 4 replies
    "The subtle change in meaning to which the word 'freedom' was subjected in order that this argument sound plausible is important. To the great apostles of political freedom the word had meant freedom from coercion, freedom from the arbitrary power of other men, release from the ties which left the individual no choice but obedience to the orders of a superior to whom he was attached...The demand for the new freedom was [in contrast]...only a name for the old demand of an equal distribution of wealth." The Road to Serfdom, "The Great Utopia." p. 77(As quoted by Soros-funded wikipedia) I...
  • George Orwell: You Right-Winger, You

    05/14/2011 7:20:03 PM PDT · by AustralianConservative · 21 replies · 1+ views
    Weekend Libertarian ^ | May 15, 2011 | B.P. Terpstra
    If George Orwell were alive today he’d be censored by today’s Orwellian press-police. As America’s poshest-acting, bisexual neo-conservative, Christopher Hitchens points out in Why Orwell Matters (pages 79-80): It is true on the face of it that Orwell was one of the founding fathers of anti-Communism; that he had a strong patriotic sense and a very potent instinct for what we might call elementary right and wrong; that he despised government and bureaucracy and was a stout individualist; that he distrusted intellectuals and academics and reposed a faith in popular wisdom; that he upheld a somewhat orthodoxy in sexual matters...
  • Cool music video on Friedrich Hayek's Road to Serfdom?!

    04/28/2011 6:08:25 PM PDT · by wizard61 · 13 replies
    EconStories ^ | April 2011 | EconStories
    OMG, I was blown away at this high quality pop video dedicated to ultra-high brow economics and Friedrich Hayek.
  • Fight of the Century: Keynes vs. Hayek Round Two

    This is the second music video depicting the century long debate between the economic theories of John Maynard Keynes & Friedrich Hayek. YouTube Video Nice to see media being used to reach out to young people. Hopefully they will see how central planning and spending aren't the only answers.
  • Politics Is Not A Circle

    02/14/2011 12:25:47 PM PST · by Shout Bits · 5 replies
    Shout Bits Blog ^ | 2/14/2011 | Shout Bits
    Over the weekend, The Daily Caller’s Jeff Poor reported on Bill Maher’s seemingly inscrutable opinion of Stalin as a “right winger.” Stalin was a communist, which is left wing, but his methods were so brutal and evil, Maher could only conclude Stalin was so far left, he was to the right. Poor’s article did not go into Maher’s tortured reasoning, which reveals a fundamental flaw in the collectivist dogma. Like many of his ilk, Maher views politics on a scale of interest and identity alignment – left vs. right, Dem vs. GOP. Since these are all measures of serving men...
  • The Triumphant Return of Friedrich Hayek (Or how Keynesianism quickly fell out of favor)

    11/29/2010 6:50:07 AM PST · by SeekAndFind · 11 replies
    Newsweek ^ | 11/29/2010 | Ruchir Sharma
    Last year the consensus opinion was that we are all Keynesians now. Virtually everyone in the commentariat believed that John Maynard Keynes’s solution for the Great Depression—heavy government spending to resuscitate the economy—was also the answer to today’s global downturn. The first cracks in the consensus appeared with the outbreak of the fiscal crisis in Greece earlier this year. Across the developed world, critics began to argue that government spending had reached the point of diminishing returns, and was producing an anemic recovery that mainly benefited special-interest groups. And the electorate listened. From Europe to the United States, as voters...
  • Movement of the Moment (Tea Party) Looks to Long-Ago Texts

    10/02/2010 4:52:11 AM PDT · by reaganaut1 · 38 replies
    New York Times ^ | October 1, 2010 | KATE ZERNIKE
    The Tea Party is a thoroughly modern movement, organizing on Twitter and Facebook to become the most dynamic force of the midterm elections. But when it comes to ideology, it has reached back to dusty bookshelves for long-dormant ideas. It has resurrected once-obscure texts by dead writers — in some cases elevating them to best-seller status — to form a kind of Tea Party canon. Recommended by Tea Party icons like Ron Paul and Glenn Beck, the texts are being quoted everywhere from protest signs to Republican Party platforms. Pamphlets in the Tea Party bid for a Second American Revolution,...
  • Spreading Hayek, Spurning Keynes

    08/28/2010 3:18:23 PM PDT · by Palter · 15 replies
    WSJ ^ | 28 Aug 2010 | Kelly Evans
    Professor Leads an Austrian Revival Peter J. Boettke, shuffling around in a maroon velour track suit or faux-leather rubber shoes he calls "dress Crocs," hardly seems like the type to lead a revolution. But the 50-year-old professor of economics at George Mason University in Virginia is emerging as the intellectual standard-bearer for the Austrian school of economics that opposes government intervention in markets and decries federal spending to prop up demand during times of crisis. Mr. Boettke, whose latest research explores people's ability to self-regulate, also is minting a new generation of disciples who are spreading the Austrian approach throughout...
  • Alternatives to Assigned Readings

    08/26/2010 6:40:44 AM PDT · by AccuracyAcademia · 1 replies
    Accuracy in Academia ^ | August 26, 2010 | Spencer Irvine
    Students, particularly conservatives, can get a good idea of how much they missed in their education by reading 10 Books Every Conservative Must Read: Plus Four Not to Miss and One Imposter by Benjamin Wiker. The names that you might expect to see in such a compendium are here, including Hayek, Chesterton and even C. S. Lewis. What may surprise some are the additions, specifically Shakespeare, Jane Austen and Aristotle. Benjamin Wiker, with each book, gives a backdrop for each author’s life and how modern Wiker then meticulously analyzes each book, comparing them to situations that a modern conservative reader...
  • The Rule of Law & Natural Rights

    07/29/2010 3:54:53 PM PDT · by Silverfiddle · 8 replies · 3+ views
    Western Hero ^ | 29 July 2010 | silverfiddle
    The Rule of Law We’ve lost the original definition of “Rule of Law.” Republicans abused it badly during the Clinton impeachment trials, but both parties bear responsibility for the perversion of this important concept. Hayek gives us the classical definition: “Government in all its actions is bound by rules fixed and announced beforehand--rules which make it possible to foresee with fair certainty how the authority will use its coercive powers in given circumstances and to plan ones individual affairs on the basis of this knowledge." He explains that the Rule of Law should not be ad hoc, but it should...
  • Science Turns Authoritarian

    07/28/2010 8:32:48 AM PDT · by jpl · 27 replies · 2+ views
    The American ^ | Tuesday July 27, 2010 | Kenneth P. Green and Hiwa Alaghebandian
    Science is losing its credibility because it has adopted an authoritarian tone, and has let itself be co-opted by politics. In a Wired article published at the end of May, writer Erin Biba bemoans the fact that “science” is losing its credibility with the public. The plunge in the public’s belief in catastrophic climate change is her primary example. Biba wonders whether the loss of credibility might be due to the malfeasance unearthed by the leak of emails from the Climatic Research Unit at the University of East Anglia in the United Kingdom, but comes to the conclusion that malfeasance...
  • Hillsdale Prof. Gary Wolfram on how the Fed is the problem, not the solution

    07/12/2010 8:40:03 PM PDT · by hillsdale1 · 9 replies · 2+ views
    National Review Online ^ | 7/5/10 | Prof. Gary Wolfram
    What’s the alternative to the Fed? Hayek, in a lecture delivered to the Gold and Monetary Conference in 1977, proposed “free banking,” the privatization of the money supply: "As a result [of new research], I am more convinced than ever that if we ever again are to have a decent money, it will not come from government: It will be issued by private enterprise, because providing the public with good money which it can trust and use can not only be an extremely profitable business; it imposes on the issuer a discipline to which the government has never been and...
  • Mitch Daniels on American Conservatism (Daniels' picks of conservative literature)

    07/06/2010 9:23:35 AM PDT · by Notary Sojac · 41 replies · 1+ views ^ | 4 July 2010 | Jonathan Rauch
    Mitch Daniels on American Conservatism In this interview, which helps define an emerging political figure, possible Presidential contender for 2012 Mitch Daniels plants himself firmly on the dynamist, anti-traditionalist side of the conservative divide. Two of the books you’ve chosen are about freedom and two are about social dynamism. Hayek’s Road to Serfdom, I would say, is about both. It’s also the first of these books to be published, in 1944. Do you want to start with that one? Hayek, when I thumb back through it and look at what I marked when I first read it, was the book...
  • Fear the Boom & The Bust: a Hayek vs. Keynes Rap Anthem

    06/29/2010 1:06:34 PM PDT · by grayhog · 24 replies
    EconStories ^ | 1/23/2010
    For all you armchair economists out there, here is a 21st century debate between Hayek and Keynes - very funny and educational all at the same time. My favorite part is Keynes worshipping the porcelain goddess after his binge.
  • Why Friedrich Hayek Is Making a Comeback

    06/28/2010 12:42:20 PM PDT · by EscondidoSurfer · 42 replies · 4+ views
    Wall Street Journal ^ | 6/28/10 | Russ Roberts
    Hayek understood that the opposite of top-down collectivism was not selfishness and egotism. A free modern society is all about cooperation. We join with others to produce the goods and services we enjoy, all without top-down direction. The same is true in every sphere of activity that makes life meaningful—when we sing and when we dance, when we play and when we pray. Leaving us free to join with others as we see fit—in our work and in our play—is the road to true and lasting prosperity. Hayek gave us that map.
  • Is it Time for a Resurgence of the Austrian School of Economics?

    06/19/2010 2:52:00 PM PDT · by nickcarraway · 16 replies · 257+ views
    PBS ^ | Rick Schmid
    Question: Hello Paul! Do you ever plan to present the ideas of economists that adhere to the Austrian School of Economics (Students of Von Hayek or Von Mises)? Their understanding of the nature and causes of the business cyle enabled them to foresee much of what has happened in the last few years. (Peter Schiff and Marc Faber are successful examples.) Thanks for your friendly commentary!Paul Solman: Yes, the resurgence of the Austrian School is worth a look, and was suggested to me by none other than Robert MacNeil a few weeks ago after Rand Paul's victory in Kentucky. Look...
  • ‘The Road to Serfdom’ NOT about how Malibu Barbie gets to the beach

    06/18/2010 1:11:54 PM PDT · by HorowitzianConservative · 6 replies · 740+ views
    David Horowitz's NewsReal Blog ^ | June 18, 2010 | Kathy Shaidle
    So a Newsweek writer admits she didn’t read past page 10 of Glenn Beck’s new novel The Overton Window, but that didn’t stop her from bloviating not just about that book, but also about another book with a Beck connection. And boy, does she screw up. Isia Jasiewicz (who Robert Stacy McCain identifies as an “intern” and a “Princeton senior”) notes (correctly) that Friedrich von Hayek’s 1944 book The Road to Serfdom recently rocketed up the bestseller list after Glenn Beck recommended the economics classic on his Fox News television show. Jasiewicz goes on to helpfully explain to Newsweek’s...
  • More Than 50-year-old Book Is Bestseller on Amazon (The Road to Serfdom)

    06/10/2010 6:56:08 PM PDT · by Responsibility2nd · 56 replies · 1,481+ views
    The New American ^ | 06/10/2010 | Bob Adelmann
    When Glenn Beck urged his listeners, “Please, pick it up. The Road to Serfdom. Make it part of your essential library,” sales of Austrian Economist Frederick von Hayek’s book at pushed it to Number 1 the next day. Prior to the election of President Obama, “The book sold respectably at a clip of about 600 copies a month,” according to Bruce Caldwell, editor at the University of Chicago Press. “But then, in November 2008, sales more than quadrupled, and they haven’t slowed down since.” When John Stossel, host of Fox Business, featured the book on his show on February...
  • Hayek is #1...

    06/09/2010 4:02:50 PM PDT · by Skepolitic · 46 replies · 62+ views
    reason ^ | 06/09/2010 | Brian Doherty
    Hayek is #1... on right now, with Road to Serfdom topping the Internet bookseller's charts right now, apparently because of Glenn Beck's program last night, where he called it a "Mike Tyson right hook to socialism."
  • Hillsdale College Prof. Gary Wolfram @ "Why Be Optimistic about the Future?"

    05/03/2010 9:51:54 AM PDT · by hillsdale1 · 10 replies · 607+ views ^ | 5-2-10 | Gary Wolfram
    The U.S. economy is on the mend and has been for some time. The reason is that, as Marx acknowledged in The Communist Manifesto, the capitalist system is an engine of powerful forces. Market capitalism, true capitalism and not big government colluding with big business to engage in what Bastiat called “legalized plunder,” is the most efficient way of organizing resources. As a system it drives innovation, which is the source of our increased standard of living. In fact, this system is so powerful and efficient that our economy is doing well in terms of producing goods and services, not...
  • Glenn Harlan Reynolds: Progressives Can't Get Past The Knowledge Problem

    04/04/2010 7:44:08 PM PDT · by DogByte6RER · 37 replies · 1,340+ views
    The Washington Examiner ^ | April 4, 2010 | Glenn Harlan Reynolds
    Glenn Harlan Reynolds: Progressives can't get past the Knowledge Problem By: Glenn Harlan Reynolds Contributor April 4, 2010 "If no one among us is capable of governing himself, then who among us has the capacity to govern someone else?" -- President Reagan, Jan. 20, 1981. Economist Friedrich Hayek explained in 1945 why centrally controlled "command economies" were doomed to waste, inefficiency, and collapse: Insufficient knowledge. He won a Nobel Prize. But it turns out he was righter than he knew. In his "The Use of Knowledge In Society," Hayek explained that information about supply and demand, scarcity and abundance, wants...
  • WW III?

    03/20/2010 2:57:48 PM PDT · by Shout Bits · 23 replies · 741+ views
    Shout Bits Blog ^ | 03/20/2010 | Shout Bits
    As Speaker Pelosi readies her final Napoleonic charge in her battle for socialized health care, it is no exaggeration to say the soul of the American way lies in the balance. More likely than not, Monday will see the obituary of free enterprise in the health care marketplace. The US is facing Europe’s rationing of care and the death of innovation, and the entire world will be worse off for it. . .
  • Vanity: Did Paul Ryan pull a Kerry on Stossel?

    02/11/2010 5:13:05 PM PST · by C19fan · 11 replies · 499+ views
    February 11,2010 | Me
    I am watching Stossel and he was interviewing Rep. Paul Ryan (R-WI). Stossel asked him about his support of the creation of Government Motors. Rep. Ryan made some rambling response that to me sounded almost like he voted no before yes a la John Kerry. Bit disappointed with that answer.
  • Did Obama Just Throw Keynes Under the Bus?

    02/11/2010 8:14:01 AM PST · by UltraConservative · 36 replies · 1,278+ views ^ | 02-11-10 | Ben Shapiro
    Today, President Obama made the most stunning remarks on the economy he has made during his tenure: "For growth to be truly sustainable -- for our prosperity to be truly shared and our living standards to actually rise -- we need to move beyond an economy that is fueled by budget deficits and consumer demand," the president said. "In other words, in order to create jobs and raise incomes for the middle class over the long run, we need to export more and borrow less from around the world, and we need to save more money and take on less...
  • Those Notorious Right-Wing Organizations…

    01/27/2010 2:47:00 AM PST · by free1977free · 4 replies · 534+ views
    cafe hayek ^ | January 23, 2010 | Don Boudreaux
    Here’s another letter that I sent today to the Los Angeles Times: Criticizing the U.S. Supreme Court ruling in Citizens United, Erwin Chemerinsky asserts that “There is no way to see this other than as the conservative justices using judicial review to advance the traditional conservative ideological agenda” (“Conservatives embrace judicial activism in campaign finance ruling,” Jan. 23). Really? Then why did both the AFL-CIO and the ACLU submit amicus briefs to the Court in support of the eventual winning outcome? Do these two organizations now embrace “the traditional conservative ideological agenda”? Seems unlikely. The better explanation for this ruling...
  • "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem (Yes, really. Not kidding)

    01/25/2010 7:18:19 PM PST · by FreedomPoster · 12 replies · 449+ views ^ | January 23, 2010 | John Papola and Russ Roberts
    "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem (YouTube video) Text accompanying the video: is a place to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts. In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about...
  • Will Sovereign Debt Defaults Bring the End of Socialism?

    12/22/2009 4:51:22 AM PST · by dennisw · 32 replies · 1,692+ views
    kitco ^ | Dec 21 2009 9:40AM | by James Turk
    Socialism has come to mean many different things to many people, but regardless how it is defined, in the months immediately ahead it will be put to a rigorous test.  The test will be visible to everyone as countries around the globe run out of money and confront overwhelming debts that cannot be repaid as well as other wide-ranging financial promises that can no longer be met.  In short, the ideological bankruptcy of socialism will be laid bare by government insolvency.It had to come sooner or later.  The reasons are not hard to understand. The ideological bankruptcy is neatly captured...
  • Obama's Road to Healthcare Serfdom

    08/28/2009 3:04:01 AM PDT · by Scanian · 3 replies · 450+ views
    The American Thinker ^ | August 28, 2009 | Andrew Foy and Brenton Stransky
    President Obama is desperate to pass sweeping healthcare reform and now has resorted to pure socialist rhetoric to encourage Americans to support his plan. In his Saturday radio and internet address, President Obama encouraged Americans to call upon "what's best in each of us to make life better for all of us." Fortunately, an accurate account of history and a long line of great thinkers point out the contradiction in the President's remark, which is an obvious appeal for Socialism. The most notable of these thinkers is F.A. Hayek who educated readers about the unintended consequences of government planning in...
  • America Without “Liberal” or “Conservative” Representation

    08/17/2009 3:28:57 AM PDT · by RogerFGay · 38 replies · 1,571+ views ^ | August 17, 2009 | Roger F. Gay
    Nothing more immediately spoils the honesty of political debate in America today than the common use of the terms “liberal” and “conservative.” They are too often used anachronistically, in a way maintained in the public mind through narrow relative thinking – and probably more often without thinking at all. It is common for these terms to be used as synonyms for “left” and “right” and for those terms to be automatically associated with the Democratic and Republican parties. No matter how far the two parties shift along the political spectrum together, or where they go, this common semantic error leaves...