Wednesday, August 22, 2012

Republican Small Government Fanatics Distort Views of Their Hero Hayek

despite his complete lack of faith in the ability of politicians to affect the economy, Hayek, who is frequently cited in attacks on entitlement programs, believed that the state should provide a base income to all poor citizens.

To be truly Hayekian, Boettke says, Ryan would need to embrace one of his central ideas, known as the “generality norm.” This is Hayek’s belief that any government program that helps one group must be available to all. If applied, Boettke says, a Hayekian government would eliminate all corporate and agricultural subsidies and government housing programs, and it would get rid of Medicare and Medicaid or expand them to cover all citizens. (Hayek had no problem with a national health care program.)

Maybe this guy Hayek wasn't as bad as the Republicans make him out to be. I hereby resolve to read more of what he wrote, My loyalty to Keynes, however, remains absolute

Posted via email from FRauncher's posterous