Re:Mises, Hayek, and Friedman
by brc on Sunday December 12, 2010 @10:47PM
(#1999204)
Midway through this wandering missive I was unsure as to what point the author was making. Although, quite obviously, a concerted effort to paint Mises and Ron Paul as cranks and weirdos would set the tone for the rest of the article. In the end it was just a call for more Keynes (or what passes for Keynes, these days) and to invent unnatural markets like a 'carbon' market to solve unproven and unprovable problems. It also talks about German hyperinflation like a problem that can't possibly happen again because we've somehow evolved past it. It's a fallacy to think that somehow, we're collectively smarter than our grandparents when we all share the same human traits.
My main problem with this (apart from the unnecessary smearing) is that it continues with the thought that current market failures (housing, derivatives et al) is from letting free markets go. When in reality it is because of excessive intervention in markets by the state. Which proves Hayeks point perfectly.
My main problem with this (apart from the unnecessary smearing) is that it continues with the thought that current market failures (housing, derivatives et al) is from letting free markets go. When in reality it is because of excessive intervention in markets by the state. Which proves Hayeks point perfectly.