LIBERTY (SOVEREIGNTY): MARKETS IN EVERYTHING
Survival (competition)
Reproduction (Marriage)
Production (economy)
Commons (market govt)
Displute Resolution (natural law)
Group Evolutonary Strategy (Polities)
Hayek was right of course. He could have taken it even farther. But he was right.
The answer to keynes(demand/spending) and hayek(disinformation/misallocation) is solved by credit cards from the treasury – assuming liquidity isn’t predictable. It needs to remain a lottery of uncertainty. The problem they were struggling with was distribution. The finacial system is a corrupt distributor, and the state spending is even worse.
Source date (UTC): 2016-09-05 05:32:00 UTC
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