The Important Legacy of Hayek’s The Road to Serfdom
F.A. Hayek’s classic The Road to Serfdom was published eighty years ago. Critics then called Hayek a “reactionary.” Today, he is looking more and more like a prophet.
F.A. Hayek’s classic The Road to Serfdom was published eighty years ago. Critics then called Hayek a “reactionary.” Today, he is looking more and more like a prophet.
Responding to an overwhelming groundswell of grassroots pressure, Gov.
Despite court rulings, Biden is trying to do end runs around the law in an attempt to buy votes with his student loan cancellation schemes. His actions, not surprisingly, are illegal, but don’t expect any arrests.
According to mainstream economists, the question of whether increasing the minimum wage also increases unemployment is empirical. However, the logic of economic analysis says otherwise.
In his recent State of the Union speech, President Biden called out private enterprise for what he calls “shrinkflation” and “greedflation.” If he wishes to know who is responsible for this phenomenon, he should look in the mirror.
Government parking policies create unnecessary shortages. Privatizing public parking not only would enable more efficient solutions, but also would make the system more fair.
Brazil’s carnival celebration is a huge event that also is heavily subsidized by government at all levels. Yet carnival would do very well if the subsidies were replaced with entrepreneurial investment.
While progressives tout foreign aid to poor countries as socially and economically beneficial, in truth it makes poor nations even poorer. Foreign aid is a poor substitute for free trade and free markets.
While “wokeness” seems to be a new phenomenon, the problems are tied to a sixty-year-old “landmark” law: the 1964 Civil Rights Act. This law, unfortunately, promotes government tyranny in the name of freedom.
When someone makes the “roads” argument for the presence of government, they fail to point out that the final government product is substandard and often a hazard to people who use those roads. There is a better way.