A voice from the past predicts the future

Friedrich August von Hayek (1899-1992), winner of the Nobel Prize in Economics, warned us about last night's vote for national healthcare "reform".F.A. Hayek was awarded the Nobel Prize for Economics (1974) 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 last night's 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...(Read Full Post)