Some thoughts on the epic failure known as obama, his regime, and his core beliefs.
The increased dependence of the individual upon government which inflation produces and the demand for move government action to which this leads may for the socialist be an argument in its favor. Those who wish to preserve freedom should recognize, however, that inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason, all those who wish to stop the drift toward increasing government control should concentrate their efforts on monetary policy. There is perhaps nothing more disheartening than the fact that there are still so many intelligent and informed people who in most other respects will defend freedom and yet are induced by the immediate benefits of an expansionist policy to support what, in the long run, must destroy the foundations of a free society.
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Tags: Austrian School, Constitution of Liberty, Economic, election 2012, epic fail obama, Friedrich Hayek, government, John Maynard Keynes, News, Politics, Schools of Thought, Social Sciences
Conservative Libertarian Outpost 
October 4, 2012 at 11:46
Awesome quote from Hayek, Pat. Romney seemed as if he had worked so much harder than Obama in preparation. Obama had the Democratic nomination handed to him this time for free, of course, so he has a bit of ring rust to get over. David Axlerod did a poor job of preparing his candidate. They seem to believe they can just walk in and win the debate. Not so. Uneasy lies the crown after last night.
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