patrick.net

Philistine says

Actually not true.

Hush your mouth!

I live in farm country, I let this one pass by because it's the least of the things he's pulled out of a bucket of "everybody knows".

But go ahead maybe you can get him to say

"I was wro...."

Then a rift in space-time will open.

thunderlips11 says

In particular, Hayek believed that once a country had too much "Democracy" it would have to be stamped out by a "Cromwell" type figure - a dictator.

That simple historical fact should be obvious to any decent student of history, since at least the time of Polybius, who wrote the book "The Histories" in the 2nd century BC. Even before him, the concept of "Kyklos" was well recognized and pontificated upon by many, including Plato and Aristotle.

jazz music says

Vicente says

In 2005 everyone thought you were a FOOL if you didn't buy a house right that second before you were priced out forever.

If you live in the bubble, it can be hard to see outside it.

GASP!!!

Dude!

Rock-solid example!

it's not that hard, just need to let the following pullback play out instead of backstopping it. In fact one of my condo neighbors laughed at the hype and sold her condo in 2006. All that she needed was fiscal responsibility and common sense to see right through it. Don't make me post the Schiff videos of 2007 again..

mell says

Sweden in fact had problems and tried various privatization, some more some less successful.

They just voted back in a center-left government after many years, following a slew of "Privatization" scandals, like kids in a privatized school being fed only crackers and water for lunch, "Flexible" Workforce "reforms" where the young can only find temporary employment, etc..

The center-right got hammered, but the radical right getting the third highest vote total - but that's Multi Cult backlash more than economics. The great news is that the Feminist Party didn't get enough to qualify for any seats (yes, there is no end to Feminazi Hysteria, the Feminist Party is ultra-fanatic thinks Sweden is a foul lair of Oppressive Patriarchy, all sex is rape, etc.).

http://www.cbc.ca/news/world/sweden-election-left-leaning-opposition-wins-far-right-makes-gains-1.2765887

Reality says

That simple historical fact should be obvious to any decent student of history, since at least the time of Polybius, who wrote the book "The Histories" in the 2nd century BC. Even before him, the concept of "Kyklos" was well recognized and pontificated upon by many, including Plato and Aristotle.

Interesting:

"Most important to Aristotle in preserving a constitution is education: if all the citizens are aware of law, history, and the constitution they will endeavour to maintain a good government."

(We are toast)

http://en.wikipedia.org/wiki/Kyklos

thunderlips11 says

They just voted back in a center-left government after many years, following a slew of "Privatization" scandals, like kids in a privatized school being fed only crackers and water for lunch, "Flexible" Workforce "reforms" where the young can only find temporary employment, etc..

You cannot vote/legislate your way to prosperity...

indigenous says

Yup the socialist chant, Sweden is borrowing from the future to pay for now just as the US has been doing. Their decedents will pay the price. I could explain further but you won't listen/read the link anyway.

indigenous says

You cannot vote/legislate your way to prosperity...

Prove it. If that was so, Somalia would be a paradise and Scandinavia would be like Somalia.

I question the numbers, what counts as debt with the US?

Norway gets a lot of it's budget from oil

Sweden was very much free market in the recent past which allows them to coast on yesterdays steam.

National debt is an issue only if you cannot defend yourself.

thunderlips11 says

Prove it. If that was so, Somalia would be a paradise and Scandinavia would be like Somalia.

It is tantamount to the minimum wage law, which will not create more wealth for the lower quintile.

Somalia continually improves through there Xeer law, which is the opposite of statutory law.

Meanwhile the countries that continually force regulations will move closer and closer to anarchy, because of there unsustainability.

Peter P says

National debt is an issue only if you cannot defend yourself.

... and if potential rivals aren't also the biggest lenders. Just dump the bonds all at once in the secondary market and you may not have to fire a shot.

thunderlips11 says

No taken out of context - Hayek was warmly supportive of the Pinochet regime and regularly visited AND defended it in the press. Hayek has said over and over again he preferred Dictators that implement his preferred Economic Solutions to Democracies that restrict them.

http://coreyrobin.com/2012/07/08/hayek-von-pinochet/

http://coreyrobin.files.wordpress.com/2012/07/hayekchile.pdf

We are now quoting socialists on Pat.net: https://www.jacobinmag.com/about/

Entitlemented says

We are now quoting socialists on Pat.net: https://www.jacobinmag.com/about/

Dodge, messenger, dodge - you are being shot at!

Those links all have references to Hayek's own quotes. Just because a socialist collected his quotes from newspapers and media, doesn't mean he didn't make 'em.