ARC's 1st Law: As a "progressive" online discussion grows longer, the probability of a nefarious reference to Karl Rove approaches one

Tuesday, September 13, 2005

The Road to Serfdom

Recently finished reading Friedrich Hayek's The Road to Serfdom. It's amazing how relevant it still is today, despite being written by Hayek in the midst of World War II. Well, Larry Kudlow points out that there's a call for significant government planning in the reconstruction of New Orleans, ignoring the verdict of history that economic planning inevitably results in inefficient use of resources and an increase in pain & suffering. The power of the free market is precisely due to the fact that it is made up of millions of individual choices and we all know the old adage that two heads are better than one... well, a million individuals acting in their own interest are better than a single technocrat pushing for their bold vision of a new New Orleans.

I was amazed at the glee of Tim Russert on Meet the Press on Sunday. His mouth was watering at the prospect of a Rudy Giuliani or Colin Powell planning the design of the newest American city. Inevitably, whatever bureaucrat is tasked with such a massive task, they will be pulled in multiple directions by special interests, looking to get the federal, state, and local government bankroll their pet project. Surely the public's interest would be better served if the public were to make the millions of decisions that would be required to reconstruct the new New Orleans.

As Larry Kudlow points out... No new New Deal for a new New Orleans. Let's create a tax free enterprise zone for the region and watch the unencumbered free market at work.

When will the "planners" realize that they are causing more harm than good? What American citizen wants their future to be dictated by some technocrat that can be swayed by any number of special interests?

Your Co-Conspirator,
ARC: St Wendeler