Friday, February 12, 2010

Hurtling Down the Road to Serfdom

Do we want a culture of takers or makers?

Hayek meant that governments can't plan economies without planning people's lives. After all, an economy is just individuals engaging in exchanges. The scientific-sounding language of President Obama's economic planning hides the fact that people must shelve their own plans in favor of government's single plan.

At the beginning of The Road to Serfdom, Hayek acknowledges that mere material wealth is not all that's at stake when the government controls our lives: "The most important change ... is a psychological change, an alteration in the character of the people."

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