Tag Archives: capitalism

UPDATED — When the failure of central planning becomes undeniable

Where has this fellow Hayek been all my life?: As the Austrian philosopher Friedrich von Hayek explained in his 1944 classic, The Road to Serfdom, central planning leads to massive inefficiencies and long queues outside empty shops. A state of perpetual economic crisis then leads to calls for more planning. But economic planning is inimical …

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'The Economist' parched by blast from 'Hot Air'; plus, did A.I.G. became the face of capitalism as Obama applied Saul Alinsky's Rule 12?

H/T Michelle Malkin The Economist endorsed Obama for president and now is having buyers’ remorse, apparently in the hope of salvaging some of its credibility given the all-consuming, prosperity-sucking black hole socialist coup Obama’s presidency has turned out to be in just two months. Ed Morrissey blasts their tardy admission of misgivings at Hot Air …

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