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« A Titillating Development in German Politics | Main | Bruce Caldwell on Keynes and Hayek »

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If value is subjective how does one go about discovering if any two people are "economically equal"?

Per revealed preference, if they traded "economic" situations.

Let's look at each of Mr Reed's lessons and try to anticipate how the Left would respond to them:

"1. Government can provide you with absolutely nothing except that which it has first taken from somebody else."

So what.

"2. A government big enough to give you want you want, is big enough to take everything you have."

And not big enough to give you what you need not big enough to survive.

"3. A free people are not economically equal, and an economically equal people are not free."

And an inordinately unequal people will not be free either.

The challenge of a free people is to find the middle ground upon which their freedom can live.

What we are most in danger of forgetting are our greatest teachers, Mises and Hayek, what to them was the greatest issue, redistribution, and the strongest possible argument against it, that, like any intervention in the market, it was completely counterproductive, not reducing but increasing inequality.

That is the lesson we can least afford to forget.

Thank you for introducing me this person.

I have my country – India – in my mind. Here we enjoy freedom of speech against the Prime Minister of India and the President of India and many at the top and not against Judiciary on certain issues. If you exercise your freedom of speech against any caste projected politician, or a regional party or a Cinema super star, you will lose your limbs. So here freedom of speech is not universal. But here we have freedom to enjoy wants, hunger and starvation and none interferes in it.

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