Roger’s Rules

By Roger Kimball

Bio

Get Updates From Roger Kimball
Greg Ransom
2009-03-03 11:58:50

Obama takes the “Hayek Hypothesis” and the “Hayek-Friedman Hypothesis” to be facts, as explained here:

http://hayekcenter.org/?p=429

In Obama’s own words, “The market is the best mechanism ever invented for efficiently allocating resources to maximize production. And I also think that there is a connection between the freedom of the marketplace and freedom more generally.”

These are the central and most controversial conclusions of Hayek’s _The Road to Serfdom_.

What we need to do is hold Obama to account for the fact — which he admits — that we depend on the market system for our wealth and our freedoms. If we do depend on the market for these and Obama’s policies undermine or threaten the market system, then Obama is threatening or undermining our wealth and our freedoms.

And he needs to be called on it.