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Tag Archive: Road To Serfdom


 

Happy Birthday FA von Hayek

 

 

 

Wiki Bio

 

” Friedrich August Hayek ; 8 May 1899 – 23 March 1992), born in Austria-Hungary as Friedrich August von Hayek and frequently known as F. A. Hayek, was an Austrian, later turned British , economist and  philosopher best known for his defense of classical liberalism. In 1974, Hayek shared the Nobel Memorial Prize in Economic Sciences (with Gunnar Myrdal) for his “pioneering work in the theory of money and economic fluctuations and … penetrating analysis of the interdependence of economic, social and institutional phenomena”.

Hayek is an economist and major political thinker of the twentieth century. Hayek’s account of how changing prices communicate information which enables individuals to coordinate their plans is widely regarded as an important achievement in economics. He also contributed to the fields of systems  thinking ,  jurisprudenceneuroscience, and the history of ideas.

  Hayek served in World War I and said that his experience in the war and his desire to help avoid the mistakes that had led to the war led him to his career. Hayek lived in Austria, Great Britain, the United States and Germany, and became a British subject in 1938. He spent most of his academic life at the London School of Economics (LSE), the University of Chicago, and the University of Freiburg.

  In 1984, he was appointed as a member of the Order of the Companions of Honour by Queen Elizabeth II on the advice of Prime Minister Margaret Thatcher for his “services to the study of economics”. He was the first recipient of the Hanns Martin Schleyer Prize in 1984. He also received the US Presidential Medal of Freedom in 1991 from president George H. W. Bush. In 2011, his article The Use of Knowledge in Society was selected as one of the top 20 articles published in the American Economic Review during its first 100 years.

 

 

 

 

 

 

Concise Encyclopedia Of Economics:

 

” If any twentieth-century economist was a Renaissance man, it was Friedrich Hayek. He made fundamental contributions in political theory, psychology, and economics. In a field in which the relevance of ideas often is eclipsed by expansions on an initial theory, many of his contributions are so remarkable that people still read them more than fifty years after they were written. Many graduate economics students today, for example, study his articles from the 1930s and 1940s on economics and knowledge, deriving insights that some of their elders in the economics profession still do not totally understand. It would not be surprising if a substantial minority of economists still read and learn from his articles in the year 2050. In his book Commanding Heights, Daniel Yergin called Hayek the “preeminent” economist of the last half of the twentieth century.”

 

 

 

Further Reading

 

The Friedrich Hayek Quote Page

Biography of F. A. Hayek (1899-1992)Mises.org

Friedrich Hayek (Stanford Encyclopedia of Philosophy)

F. A. Hayek | Libertarianism.org

BBC News – Masters of Money: Friedrich Hayek

F.A. Hayek – Encyclopedia Britannica

BBC News – Keynes v Hayek: Two economic giants go head to head

Friedrich von Hayek Nobel Prize Winner

Videos

 

 

Bibliography

 

1920–1929

  • Monetary Theory and the Trade Cycle (1929) 

1930–1939

  • Prices and Production (1931) 
  • Monetary Nationalism and International Stability (1937) 
  • Profits, Interest and Investment (1939) 

1940–1949

1950–1959

  • “The Transmission of the Ideals of Economic Freedom,” (1951) Full Article
  • John Stuart Mill and Harriet Taylor: Their Friendship and Subsequent Marriage (1951) ISBN 978-0-678-06504-4
  • The Counter-Revolution of Science: Studies on the Abuse of Reason (1952) ISBN 978-0-913966-67-9
  • The Sensory Order: An Inquiry into the Foundations of Theoretical Psychology (1952) ISBN 978-0-226-32094-6
  • The Political Ideal of the Rule of Law (1955)

1960–1969

1970–1979

1980–1989

 

 

 

 

 

 

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Meet The New Serfs: You

 

 

 

 

 

 

” The New Haven SWAT team must have been pretty amped up: It was midnight, and they were getting ready to bust down the door of a man wanted on charges involving weapons violations, robbery — and murder. They were not sure how many people were in the house, or how they’d react. After a volley of flash grenades that set fire to the carpet and a sofa, they moved in, guns drawn. A minute later, they had their man zip-tied on the floor.

  If only they’d double-checked the address first.

  Bobby Griffin Jr. was wanted on murder charges. His next-door neighbor on Peck Street, Joseph Adams, wasn’t. But that didn’t stop the SWAT team from knocking down his door, setting his home on fire, roughing him up, keeping him tied up in his underwear for nearly three hours, and treating the New Haven man, who is gay, to a nance show as officers taunted him with flamboyantly effeminate mannerisms. If the events detailed in Mr. Adams’s recently filed lawsuit are even remotely accurate, the episode was a moral violation and, arguably, a crime.

  And when Mr. Adams showed up at the New Haven police department the next day to fill out paperwork requesting that the authorities reimburse him for the wanton destruction of his property — never mind the gross violation of his rights — the story turned Kafkaesque, as interactions with American government agencies at all levels tend to do. The police — who that same night had managed to take in the murder suspect next door without the use of flash grenades or other theatrics after his mother suggested that they were probably there for her son — denied having any record of the incident at Mr. Adams’s home ever having happened.

  This sort of thing happens with disturbing regularity. The New York Police Department killed an older woman in Harlem when they mistakenly raided her home in 2003. In that case, too, “flash-bang” grenades were deployed, and the concussions sent 57-year-old Alberta Spruiell into cardiac arrest, killing her. The NYPD was acting on information given to them by a local lowlife drug dealer they were leaning on. It was the first information he’d given them as an informant, and based on nothing more than that they went in hard — no-knock raid, grenades, the whole circus. As it turns out, New York dope-slingers turned rat are not entirely trustworthy. “

 

Read Kevin D Williamson’s whole piece on our road to serfdom

 

 

 

 

 

 

 

 

 

 

Global Debt Exceeds $100 Trillion As Governments Binge, BIS Says

 

 

 

” The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, according to the Bank for International Settlements.

  The $30 trillion increase from $70 trillion between mid-2007 and mid-2013 compares with a $3.86 trillion decline in the value of equities to $53.8 trillion in the same period, according to data compiled by Bloomberg. The jump in debt as measured by the Basel, Switzerland-based BIS in its quarterly review is almost twice the U.S.’s gross domestic product.”

 

 

But we’ve been on an austerity budget you say … think again .

 

 

” Marketable U.S. government debt outstanding has surged to a record $12 trillion, up from $4.5 trillion at the end of 2007, according to U.S. Treasury data compiled by Bloomberg. Corporate bond sales globally jumped during the period, with issuance totaling more than $21 trillion, Bloomberg data show.”

 

 

 

    Read the whole sorry article . We are being run into the ground by the very individuals charged with solving the problem . Apparently all of the major governments of the world believe as that sage of DC Joe Biden does that :

 

 

 

   We are systematically being turned into debtor nations with the goal of making us all subservient to the State . This is the Road to Serfdom .

 

 

 

 

 

 

 

 

‘Poverty’ Like We’ve Never Seen It

The Never-ending Crisis Requires Never-ending Government Solutions

We Are Surely On The Road To Serfdom

One Of Dear Leader’s Cronies Once Said ” You Never Want A Serious Crisis To Go To Waste ” .  And If The Crisis Doesn’t Exist , You Create One .

” This breathtaking number begs the question: What does it mean to be “poor” in the United States?

To the average American, the word “poverty” means significant material hardship and need. It means lack of a warm, dry home, recurring hunger and malnutrition, no medical care, worn-out clothes for the children. The mainstream media reinforce this view: The typical TV news story on poverty features a homeless family with kids living in the back of a van.

While the old poverty measure counted absolute purchasing power (how much steak and potatoes you can buy), the new measure counts comparative purchasing power (how much steak and potatoes you can buy relative to other people.)”

“They’ll Turn Us All Into Beggars …’Cause They’re Easier To Please’ … Don’t Take None Of That Government Cheese