08 May, 2014

Happy Birthday Friedrich Hayek


The man would have been one hundred and fifteen years young.

    The ideas are still as as ever relevant.

If you'd just taken the basic courses in High School and College, you were probably spoon fed Keynes and never heard the other side of the debate.  It isn't because his ideas were not valuable, but because they stand as a threat to the received wisdom government competence and human hubris.

You don't have to be an economist to "get it."  If you are smart enough to vote, you are smart enough to have an opinion.  Let these guys break the differences down:


My favorite line:

The lesson I’ve learned is how little we know.
The world is complex, not some circular flow.
The economy is not a class you master in college,
to think otherwise is the pretense of knowledge. 

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