Monday, January 25, 2010

The Road To Serfdom

This was a series of cartoons published back in the early 1950's. It's based on a book of the same name written by economic theorist (and Nobel Prize winner) Friedrich Hayek. This was during the post war 'Keyensian' boom , which I'm sure you hear a lot about now (the basic premise that government SHOULD involve itself in an economy). Hayeks ideas were more akin to "government should NEVER involve itself'. Basically the Republican theory which limits itself to interest rate adjustments. You could argue that's what led us into the current mess we're in.... You be the judge.

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