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And his daughter is real hot.
Ok, I know they're not related, I was just looking for an excuse to post a pic of Salma.
Posted on 11/28/2008 12:15:40 PM PST by all the best
This is F.A. Hayek in 1975 on Meet the Press. If you have never listened to a Mises.org podcast before, you must listen to this. I heard this Friday and I've been haunted by it ever since. A number of points stand out to me.
1. Hayek is amazing here. He holds the line. He is patient and explains very well. He refuses to relent. The core of his message is rooted in the Austrian view of cycles, and this interview demonstrates that he never stepped away from it, despite some far-flung claims.
2. The line of questioning he endures is hilariously naïve and idiotic. We think we have a Keynesian problem now; it's clear that these people really believe that policy makers can manipulate the economy like a machine, trading off unemployment for inflation and back again, with no trouble. So they hit Hayek for his supposed personal opinion that unemployment is better than inflation, as if the trade off is direct and easy to manipulate. How far we've come!
3. In light of the present crises, and the appalling ignorance of the present generation of policy makers of any historical understanding, it is so helpful to remember that we've been down this road before, and done all the wrong things before. Forget learning from history. The present generation does even know enough history to learn anything from it. So this interview really makes it clear what has come before.
Finally, all hail Professor Hayek. He really did a wonderful service back then. He has much to teach us 35 years later!
(Excerpt) Read more at mises.org ...
Thanks for the post.
Gerald R. Ford, conservative? lol...Will has always had a warped view of conservatism.
Obamunism will be the cure. The voters have decided. Kenyan birth is not an issue. The messiah has been chosen.
He is the next "FDR".
Since I and many who think like me regard FDR as one of the prime architects of the Great Depression - turning a recession into a decade long fiasco finally cured by Hitler and Hirohito - Obamunism is the wrong solution at a dangerous time, economically and socially.
Obambi is bad news, because far from being another moderately harmful Keynsian he is an overreaching FDR wannabe who will waste no time copying the moves of FDR. This will prove disastrous. Possibly even more so than the last time as the demographic landscape of our nation has changed and even if it were feasible to create public works projects to put people back to work, the ex-employees of Lehman Brothers are not exactly suited for those kinds of jobs - in fact, after Katrina nobody wanted infrastructure jobs - Mexicans had to do them.
The cure for ills wrought by regulation will be more regulation.
I almost died the other day when I saw a video by the ever clueless, left-wing, Neo-Keynsian Stiglitz - STILL blaming things on Reagan and his unwillingness to sufficiently 'regulate' things. Nearly 30 years after Reagan was elected, Stiglitz is still spouting off about him - not mentioning the fact that he was on the Clinton cabinet and had ample time and opportunity to undo anything Reagan could have possibly done, since his actions were mere deregulation.
These types of command economy 'economists' are moving to the fore now... exactly the wrong medicine.
Strangely enough, the world is awash in the same mess - since Bretton Woods, it seems that everyone is off the gold standard - or any standard, and we are not only "all Keynsians" now, but all currencies are fiat currencies!
Hard times are coming. They will not go away quickly as nobody is proposing a cure, they are only proposing shoveling more and more money into the craters made by each subsequent explosion - no restructuring, just feeding the bandits, rewarding the failures and further staving off the eventual painful reckoning thereby ensuring that its true magnitude actually continues growing.
These bailouts do not mean that anyone has dodged a bullet. If these plighted companies could not make money when the days were great, they have no chance of weathering the current storm which is still building and is going to be a monster.
Our present generation and the politicians in power are the Wile E. Coyotes of history. There’s something big and bad coming down. They won’t look up no matter how loud we yell.
ping
Actually what ended the Depression was the death of FDR. The war only solved the unemployment problem.
Hayek won the Nobel Prize in economics in 1974. Of course this was before the Nobel was a political prize. Hayek also wrote the classic “The Road To Serfdom” in 1944. A must read for all.
Here’s the quick illustrated version:
Hoover caused the Depression, by raising taxes and protectionism (Smoot-Hawley). Roosevelt made it Great, by extending it another seven years.
And his daughter is real hot.
Ok, I know they're not related, I was just looking for an excuse to post a pic of Salma.
And bless you!!!!
You’ve performed a great service. Two of them if I’m seeing correctly.
You can also get a copy of Murray Rothbard's book, "America's Great Depression" there for free.
:)
Salma is a hot number alright. I’d suggest that in order to keep her at the top of your hot list, you never see the movie “Frida” in which Salma Hayek plays the role of 1930’s Mexican ultra communist painter/artist Frida Kahlo. You’ll likely necver see Salma in the same light if you see that movie.
L
You’ll likely never see Salma in the same light if you see that movie.Nor Ashley Judd.
That's not a picture of Salma, that's a picture of Salma and the twins!
Hmmmm... if I had a choice of spending some time with Friedrich Von Hayek (if he were alive, of course) or Salma Hayek it would be a real dilemma... intellect vs. libido...
thanks for this!
“Sahara” was on the other night. I lost a lot of respect for Salma watching her opposite Mathew McConahey in that bomb. Although she did appear in a bikini!
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