Hayek on the Welfare State
While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that
While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that
When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common
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Image: Kristen Radtke / The Verge
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No interventionist government or central bank wants lower prices because inflation allows the government to increase its power while slowly breaching its