Dec 152011

Friedrich A. Hayek’s The Road to Serfdom is one of the most fundamental and required readings to understand freedom, markets, and government. Hayek explains how every greater wealth leads a society toward tyranny and, ultimately, serfdom. Written in the early 1940’s, Hayek was able to articulate the natural intrusion of government and was remarkable at predicting political and economic outcomes. Here are a few quotes from The Road to Serfdom:

The inability of democratic assemblies to carry out what seems to be a clear mandate of he people will inevitably cause dissatisfaction with the democratic institutions.

[Centralized Planning would result in] [T]he individual would more than ever become a mere means, to be used by the authority in the service of such abstractions as the “social welfare” or the “good of the community”

The belief is becoming more and more widespread that, if things are to get done, the responsible authorities must be freed from the fetters of democratic procedure.

Take that last quote and couple it with President Obama’s express actions and language concerning the, “democratic procedure.” Here is a direct quote from Obama in October, 2011 to students at the University of Colorado, “We can’t wait for Congress to do its job. So where they won’t act, I will . . . We’re going to look every single day to figure out what we can do without Congress.”

If you want to get a very good insight into Classical Liberalism, The Road to Serfdom is the place to start. You can get a free (condensed) copy of Hayek’s book from The Intercollegiate Studies Institute. Make it a point to read this book.

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