OK, I have to admit, I am one of those who read “The Road to Serfdom” and totally loved it. Hayek was spot on about the folly of planned economies. The markets are not perfect. But having imperfect markets beats planned economies on any day. We just have to provide a reasonable amount of regulation and provide social safety nets that take care of those who end up taking one for the team because of the dynamics of the free market.
And that is why I thought this post by Easterly was kind of neat.
PS: forgive the terse posts lately. Blame it on this being the last week of winter quarter.
No comments:
Post a Comment