F.A. Hayek was awarded the Nobel Prize for Economics in 1974, an award not polticized in the manner of the Peace Prize. As America slides into socialism, his works become more relevant. Consider these words in light of the House of Representatives vote on nationalizing healthcare.
"In many fields persuasive arguments based on considerations of efficiency and economy can be advanced in favor of the state's taking sole charge of a particular service; but when the state does so, the result is usually not only that those advantages soon prove illusory but that the character of the services becomes entirely different from that which they would have had if they had been provided by competing agencies. If, instead of administering limited resources put under its control for a specific service, government uses its coercive powers to insure that men are given what some expert thinks they need; if people thus can no longer exercise any choice in some of the most important matters of their lives, such as health, employment, housing, and provision for old age, but must accept the decisions made for them by appointed authority on the basis of its evaluation of their need; if certain services become the exclusive domain of the state, and whole professions - be it medicine, education, or insurance - come to exist only as unitary bureaucratic hierarchies, it will no longer be competitive experimentation but solely the decisions of authority that will determine what men shall get...
It is sheer illusion to think that when certain needs of the citizens have become the exclusive concern of a single bureaucratic machine, democratic control of that machine can then effectively guard the liberty of the citizen. So far as the preservation of personal liberty is concerned, the division of labor between a legislature which merely says that this or that should be done and an administrative apparatus which is given exclusive power to carry out these instructions is the most dangerous arrangement possible." The Constitution Of Liberty, 1960, p. 261
“A liberal paradise would be a place where everyone has a job, everyone is fed for free, everyone has a home for free, and only the police have guns. A place like this actually exists. It’s called prison.” -- Sheriff Joe Arpaio “Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.” – Norm Franz, author of Money & Wealth in the New Millennium
Monday, November 9, 2009
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- A Fat Lip For This? He Got Off Easy!!!!!
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- Happy Thanksgiving!!!!
- I Choose Capitalism
- Shhhh!!! I'm Putting.
- A Real Commander In Chief
- Money for Nothing
- From My Friend Elizabeth...
- How Entropy challenges Evolution Theory
- Obamacare: Buy now, pay later
- Said Very Well
- IOTUS Care...
- Wake Up America!!!!!!!
- Remember This Chart? Classic Liberal Lies!!!
- Political Correctness Will Get Us (U.S.) Killed
- IOTUS' Respect For The Military
- Friedrich August von Hayek (1899-1992)
- Terrorism At Home
- The IOTUS Recovery
- A Physician Takes Note By Linda Halderman, M.D.
- Doug Casey of Casey Research on Charities
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