Glad to see the great F. A. Hayek go mainstream
Somewhere in the video, Paul Krugman (Darth Vader) said that "unregulated banking and financing system is prone to financial crisis". Really?
(the number of banking crisis since the Nixon Shock; chart from the World Bank)
Jeffrey Sachs (Count Dooku) said that one of Hayek’s “badly failed” predictions is that of Hayek’s claim that “moving to a social welfare society would eat away at the health of democracy”. Really?
To use the US as example,
chart from Heritage Foundation
from yesterday’s chart of the day
Maybe all these has nothing to do with America’s growing police state?
Or perhaps Professor Hayek had been just too early.
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