Saturday, June 26, 2010

Hayek's Road to Serfdom: Despotism Then and Now

Professor Thomas DiLorenzo on Hayek's Road to Serfdom:
The court historians in academe were not concerned about Hayek's age-old warnings about the dangers that centralized political power posed to liberty and prosperity, for they intended to be beneficiaries of that power as well-paid advisers to the state. Millions of average citizens were not as enthusiastic, especially Americans who, during the war, had experienced oppressive and confiscatory taxation, the slavery of military conscription, government-imposed product rationing, pervasive shortages of basic staples, and endless bureaucratic bungling.
An article well worth your time.