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Source link: http://archive.mises.org/10399/substitute-for-foreign-aid/

Substitute for Foreign Aid

August 4, 2009 by

Responsible Europeans would welcome a scheme under which future American investment were determined, not by political priorities, but by considerations of where the capital would bring the highest return. FULL ARTICLE BY F.A. HAYEK


ShedPlant August 4, 2009 at 8:48 am

It’s not often you see an argument for economic intervention on mises.org!

Doc Merlin August 4, 2009 at 1:05 pm

This is precisely what has been done in the BrIC countries and has worked marvelously so far.

The Comrade August 5, 2009 at 5:35 am

I’m not going to support a scheme just because it says Hayek up the top. Reading this, I got the same eerie feeling I got when I read one of Milton Friedman’s books: The knowledge that an intelligent man wrote this, but somehow let particular statist arguments get to him.

Same style too. A little bit of economic theory then extensive specifics on some particular scheme.

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