Comments on: Samizdata quote of the day http://www.samizdata.net/2012/06/samizdata-quote-1018/ A blog for people with a critically rational individualist perspective Tue, 21 May 2013 20:15:13 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Paul Marks http://www.samizdata.net/2012/06/samizdata-quote-1018/#comment-235187 Paul Marks Mon, 25 Jun 2012 15:40:51 +0000 http://192.168.200.139/?p=15013#comment-235187 In the Constitution of Liberty (1960) F.A. Hayek took issue with the case that the (ever expanding) Welfare (and regulation) State could be funded for ever (as Ludwig Von Mises had in “Destructionism” the last part of his work “Socialism”).

Hayek held that it could not – and even guessed when it (the Welfare State and the regulation state) would collapse.

The early 21st century.

I believe that Hayek was correct – on both counts.

However, we are not able to be more specific.

The Welfare State – regulation state (and the credit bubble financial system on which it depends) will start to go into its death agony in 2013.

]]> By: Lang Spoon http://www.samizdata.net/2012/06/samizdata-quote-1018/#comment-235186 Lang Spoon Mon, 25 Jun 2012 08:11:17 +0000 http://192.168.200.139/?p=15013#comment-235186 Nigel,
Your observation deserves to be a Quote of the Day in its own right.
Lang Spoon.

]]> By: Nigel Sedgwick http://www.samizdata.net/2012/06/samizdata-quote-1018/#comment-235185 Nigel Sedgwick Sun, 24 Jun 2012 19:25:07 +0000 http://192.168.200.139/?p=15013#comment-235185 The easiest way to steal from prudent (but nice) people is to persuade them that they are donating to charity.

Best regards

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