Tags » Road To Serfdom

Hayek's Harsh Wisdom

Most of us are scared by the blunt truth because it often posits questions we are unable answer, and questions without answers can cause oodles of damage to cherished beliefs. 429 more words

Capitalism, defended

So it turns out that Barack Obama just told some young people in Argentina that they should not get caught up in the difference between capitalism and communism/socialism <Washington Times, … 243 more words

First Principles

Do we need a Strong Man?

When government starts to get its fingers into every pie, involvement with its agents becomes increasingly difficult to avoid. Without the incentive for efficiency and haste created by the competition of the free market, government discharges its duties slowly. 106 more words


Notable & Quotable: Friedrich Hayek - WSJ

Wall Street Journal — ‘The word truth itself ceases to have its old meaning.’

From economist Friedrich Hayek’s 1944 book “The Road to Serfdom”:

The word truth itself ceases to have its old meaning. 45 more words


Spontaneous Order Provides Control

The marketplace approach to information control is not without its criticism; a skeptic could challenge several points. First, one could contend that a marketplace of ideas must be regulated in some way, much like economic markets are. 546 more words