If Hayek were still with us, we would be celebrating his 110th birthday today. In his honor, I will be wearing my Hayek “Collectivism is Slavery” t-shirt, and will toast to his splendid intellect and seminal contribution to economics and political thought. Why not today read one of his most important essays and learn about the “knowledge problem” in socialism? It would be quite fitting given the current status of American politics, when pseudo-dictatorship known as the Oval Office thinks it knows how best to run our lives. And just so I am clear to any Obama-leaning visitors, I include Bush in that statement as well. I’m an equal-opportunity president-basher…
Your weekend reading: The Use of Knowledge in Society
