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Tag Archives: F. A. Hayek
Living Dangerously
Living Dangerously Regular readers of Goldmoney’s Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms and slumps experienced since monetary policy has been used in an attempt to manage economic outcomes are the result of monetary policy itself. The link between interest […]
The International Road to Serfdom
The International Road to Serfdom When a global governing body is the ultimate authority, rather than multiple sovereign nations serving as checks and balances to each other the opportunity for abuse is ripe. In the previous chapter of The Road to Serfdom, F.A. Hayek spelled out his concerns for the problems facing America in the […]
England Inches Down the Road to Serfdom
England Inches Down the Road to Serfdom Hayek’s whole purpose in writing this chapter, “The Totalitarians in Our Midst,” serves as a warning to his readers. Hayek has spent the last few chapters of The Road to Serfdom explaining the roots and rise of totalitarian governments. In chapter twelve, Hayek highlighted prominent Marxist theorists who […]
Why the Worst Humans Are Able to Rise to Power
Why the Worst Humans Are Able to Rise to Power In chapter ten of The Road to Serfdom, “Why the Worst Get on Top,” Hayek continues to warn about the dangers of planned economies, but with a slightly different approach from earlier chapters. Stepping into new territory, here we see Hayek not only identifying economic […]
What Hayek Tells Us About the Link Between Ultra-Loose Monetary Policy and Political Instability
WHAT HAYEK TELLS US ABOUT THE LINK BETWEEN ULTRA-LOOSE MONETARY POLICY AND POLITICAL INSTABILITY The European Central Bank will increase the overall volume of its bond purchase program to 2.550.000.000.000 euros by September 2018. The main refinancing rate will remain at zero. Mario Draghi has stressed that this policy shall continue until inflation picks up […]
Why the Rule of Law Matters, Even If It Doesn’t Exist
Why the Rule of Law Matters, Even If It Doesn’t Exist Hayek uses the sixth chapter of The Road to Serfdom to discuss the concept of the rule of law. Young Americans like myself have come of age in a climate where arbitrary rule has steadily become the norm. Civil liberties, once guaranteed by the […]
Neoliberalism Was Never about Free Markets
Neoliberalism Was Never about Free Markets From the beginning, it was about watering down classical liberalism. One of the most accusatory and negative words currently in use in various politically “progressive” circles is that of “neoliberalism.” To be called a “neoliberal” is to stand condemned of being against “the poor,” an apologist for the “the […]
If You Give the State an Inch, It Will Take a Mile
If You Give the State an Inch, It Will Take a Mile There’s No Such Thing as Neutral Intervention Humans are imperfect beings. Try as we may, each of us is subject to some degree of inconsistency in our own thought patterns. Even the greatest champions of liberty who have made invaluable contributions to the […]
Do As You’re Told! – The Case For Social Engineering
Do As You’re Told! – The Case For Social Engineering Wherever we turn we are confronted with politicians, political pundits, television talking heads, and editorial page commentators, all of whom offer an array of plans, programs, and projects that will solve the problems of the world – if only government is given the power and […]
