PrintMarch 23, 2011
A Bad Day for Liberty
Today is a sad anniversary, and yesterday was if anything even worse. On March 22, conservatives mourned ObamaCare‘s anniversary. In one quick 2,700 page bill, our healthcare system was stripped of its last vestiges of free market characteristics. But there is another reason to grieve on this somber day. On March 23, 1992, we lost one of the greatest free market champions to ever grace this earth: F.A. Hayek.Hayek was a polymath who held dual Ph.D.s in Psychology and Economics from the University of Vienna. He belongs to the Austrian economics tradition and made one of the most important contributions to free market economics -- the concept of spontaneous order.The idea that order within society and an economic system can be generated in the absence of human coordination is a critical finding to advocates of the free market. If spontaneously generated order did not exist -- we would have to concede that only man is capable of creating order in...(Read Full Article)
