Wednesday, July 29, 2009

Hayek vs. Obama

Ralph Reiland at The American Spectator:
On his overall handling of the economy, President Obama's disapproval rating of 49 percent to 47 percent represents a swift turnaround from his 55 percent to 42 percent positive rating just two months ago.
Rather than re-thinking any of his key proposals in the face of this growing public disapproval, Obama's answer was to try to ram a health care bill through Congress, as well as a global warming bill, before the August recess -- even if no one had the time to even speed-read what's in the legislation.
In his book The Fatal Conceit, Nobel laureate Friedrich A. Hayek provided some insight into this lethal combination of arrogance and stupidity.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design," advised Hayek. . . .
Read the whole thing, because there is no such thing as "too much Hayek" or "too much American Spectator."

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