Tag: Friedrich Hayek
Equality substantive fairness: treatment and opportunity
Knowing that the Employment Equality Act (EEA) has as one of its main objectives the equality of outcomes the following two articles by Steven Horwitz should be of considerable interest to those concerned about inequality and...
Read MoreFantasies freaks junkies: Power and personal freedom
“Personal freedom is conceptually simple yet commonly misrepresented and misunderstood. It exists when no one does anything to anyone or their property without informed consent. It makes no distinction between personal...
Read MoreMental illness: Sane option is classical liberalism
“Socialism is the megalomaniacal belief that government control of people and wealth is better than liberty. Three reasons for the belief are selfish interests, ignorance and immunity to evidence. Selfish interests are...
Read MoreInflation: Monopoly right to print money
“Inflation is central bank manipulation of interest rates to something other than that which consumers and producers would find for themselves. If the central bank prints money to buy bonds, we get a lower interest rate. ...
Read MoreRule of law: Decline and fall in SA
The rule of law is not primarily what most people think. It is not about whether ‘the law’ is upheld but, instead, consists of three principal components: Separation of powers; Lack of discretionary power; and Objective...
Read MoreEconomic freedom meaning: True interpretation
It is not difficult to hijack the meaning of a word or expression and this has happened to ‘economic freedom’ but the writer of a letter to the Business Day has again put the record straight. In the past year or so various posts...
Read MoreEconomic freedom & ANCYL
“The African National Congress Youth League’s hijacking of the term ‘economic freedom’ and twisting it to mean the very opposite of what it actually means is no insignificant feat.”
Read MoreLiberalism in Europe and USA: Not the same
Confusion caused by the true meaning of the word “liberal” is neatly explained by the Nobel Prizewinner in Economics, F A Hayek in this extract from the Postscript to his book “The Constitution of...
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