Archive for Economy
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Obama’s stimulus plan, Friedman, and shock
In David Boaz’s new article this week in The Guardian, he argues that the reality of government behavior under crisis is miles from Klein’s claim. The new administration is using the current economic “shock” to increase… [Read the rest]
The Fatal Conceit is alive and kicking
Austrian economist F.A. Hayek had a term for the belief that knowledgeable, sophisticated people could plan for an ideal outcome. He called it the “fatal conceit,” and even wrote an entire book on the subject. His thesis was… [Read the rest]
