A Hayekian Case for Free Markets and a Basic Income

A Hayekian Case for Free Markets and a Basic Income

Introduction

For better or for worse, there are now a substantial number of Americans who know the name of Friedrich Hayek only because his most popular book, The Road to Serfdom , was recommended by FOX News personal- ity Glenn Beck as a prescient warning about the dangerous trajectory of the Obama Administration. Most of those people, I suspect, would be quite chagrined to discover that, consistently and throughout his entire career, Hayek defended the rather socialist-sounding idea of an “equal minimum income for all.” 1There is certainly something of a […]

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