Tag Archives: hayek

Milton Friedman on Hayek’s “Road to serfdom”

Interesting interview to Milton Friedman.  A must-see. Advertisements

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The claim for equality

“A claim for equality of material position can be met only by a government with totalitarian powers”. Friedrich von Hayek

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Spontaneous order

“Spontaneous order is a system which has developed not through the central direction or patronage of one or a few individuals but through the unintended consequences of the decisions of myriad individuals each pursuing their own interests through voluntary exchange, … Continue reading

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Happy birthday Mr. Hayek!!

“Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one’s government is not necessarily to secure freedom.” Friedrich von Hayek, The Constitution of Liberty

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The best medicine (and the worst)

Excellent and simple.  Like truth! And remember:  Ron Paul IS a doctor!!

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Hayek on socialism

“Socialism cannot possibly do what it promises.” Why? Because socialism is based on the  “fatal conceit” that one man or one group, one official or a team of central planners with a master degree from Harvard (or Yale, or LSE, … Continue reading

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The Cluster of Errors” – The Austrian Theory of Boom and Bust

And after some rap and fun, and the first  and the second  parts about to fear the boom and burst cycle,  now the part III with the  explanation about “the bust”, by Lawrence H. White:

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