Tuesday, August 21, 2012

NYT Not That Aware of Hayek: Prime Time for Paul Ryan’s Guru (the One That’s Not Ayn Rand)

The New York Times reports on their ignorance of F.A. Hayek:
As Paul Ryan and Mitt Romney take the stage in Tampa next week, the ghost of an Austrian economist will be hovering above them with an uneasy smile on his face. Ryan has repeatedly suggested that many of his economic ideas were inspired by the work of Friedrich von Hayek, an awkwardly shy (and largely ignored) economist and philosopher who died in 1992. A few years ago, it was probably possible to fit every living Hayekian in a conference room. Regardless of what happens in November, that will no longer be the case.
Maybe, the N.Y. Times hadn't heard that Hayek won the Noble Prize in Economics in 1974. Maybe , the New York Times hasn't seen this huge YouTube video.