Serfs and the Warm Fuzzy Link
I didn’t write the book, “The Road to Serfdom.” F. A. Hayek wrote it a long time ago, even before I was born. The book basically describes the rise of pre WWII fascism in Europe, along with the compassion and complacency of what would soon be the Allies against Hitler and Mussolini. Hayek’s thesis basically warns about establishing what American pundits are now calling “European style socialism” during the reconstruction after the close of the war. All I did was just merge the two to make a somewhat logical point.
This road in Europe has pretty much been an autobahn, with really the only barrier being Margaret Thatcher’s British experiment in the 1980s, which found a following in America under President Reagan. In true American style, we however introduced steroids to the mix, pumping up everyone with mass body building exercises of cheap credit, expansive monetary policy, and real estate speculation.
As with drug steroids, economic steroids might help your major league career, but once drug testing and old age begin to show their effects, life goes down in a hurry. Can I get a witness on what has happened since mid 2007? Amen!
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