Follow TIME When out-of-control federal spending runs smack into sluggish tax revenues, red ink splashes all over Washington. You won't likely see such huge numbers leading the networks' evening newscasts because deficit talk is akin to Washington wonk speak. Peterson Foundation, is out to change that and bring the big picture of deficit woe to America's attention.
Enter Nobel Prize—winning economist and political theorist F. Hayek, whose passionate warning against empowering states with greater economic control, The Road to Serfdombecame an overnight sensation last summer when it was endorsed by Glenn Beck. The book has since sold overcopies. Here Hayek defends the principles of a free society, casting a skeptical eye on the growth of the welfare state and examining the challenges to freedom posed by an ever expanding government—as well as its corrosive effect on the creation, preservation, and utilization of knowledge.
In opposition to those who call for the state to play a greater role in society, Hayek puts forward a nuanced argument for prudence.
Guided by this quality, he elegantly demonstrates that a free market system in a democratic polity—under the rule of law and with strong constitutional protections of individual rights—represents the best chance for the continuing existence of liberty. This definitive edition of The Constitution of Liberty will give a new generation the opportunity to learn from his enduring wisdom.
Suggested Citation Hayek, F. To find whether it is available, there are three options: Check below whether another version of this item is available online.
Check on the provider's web page whether it is in fact available. Perform a search for a similarly titled item that would be available.Nov 15, · The threat of imminent economic collapse ushered in the $ billion bank bailout just in time for Christmas bonuses and an executive day at the spa.
And when they went into this meeting on December 8, , to really lay out the stimulus effects, they were taking about $, $, $ billion. And no one really mentioned “the T word” at. Given the uncertainty involved, I recommend an immediate stimulus package of $ billion, with preparation of an additional $ billion to be triggered if unemployment goes over percent.
$ Billion Economic Stimulus Bailout Package Essay - If Shakespeare were alive and had recently met Henry Paulson, the question that he might have posed would have been – To $ Billion or not to $ . The initial $ billion bailout money falls way short of what is needed to rescue the Wall Street gamblers, as it is only a fraction of their accumulated bad debt.
According to a September Tax revenues cratered while the government spent heavily trying to stave off economic collapse, including George W. Bush's $ billion bank bailout, known as TARP, and Barack Obama's $ billion.