Free Republic

Economists who pontificate about economics but know next to nothing about why civilizations rise and fall are not very bright. F.A. Hayek was different. Unlike today’s media-approved economists he explains in The Road To Serfdom, why socialism is more than a break with the recent past but also “with the whole evolution of Western civilization.” I doubt today’s esteemed finance reporters can name three differences between the Old Testament and the New. Again, Hayek was different, stressing the need to embrace a “longer historical perspective” as opposed to the Left’s New Soviet Man. Adamant as well: “We are rapidly abandoning...