Tuesday, March 01, 2011

MORE FROM F. A. HAYEK

I noted below that Hayek thought State intervention in health care was compatible with individual freedom and Matt Yglesias has found that he also would approve in some cases, such as controlling pollution, of regulation by the EPA. (p. 87) As I looked up the latter quote, I found another one just as interesting:
Nor is the preservation of competition incompatible with an extensive system of social services - so long as the organization of these services is not designed in such a way as to make competition ineffective over wide fields.
That's from Hayek's The Road to Serfdom, also from page 87.  We know that the Becksters have purchased this book, so why haven't any of them pointed out these passages?

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