Friday, November 28, 2008

F. A. Hayek, Classical Liberalism, and the New World Order

In one amazing interview with Meet The Press in 1975, famed free-market economist Friedrich A. Hayek takes on the real issue of inflationary fiscal and monetary policies and its great threat not only to economic livelihood, but freedom as well.

Claiming that political liberty is in danger, Hayek emphatically decries the loss of industrial autonomy, essentially corporate takeover with increased taxation as a destructive force creating crisis around the world. Hayek's brilliant analysis shows that no matter how much debt or inflation a nation may face, the country will not be able to maintain ANY employment if created wealth is not real. Hayek's intellect is impressively engaging and his word honestly true.

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