The great Friedrich Hayek tried to warn us

Today marks the birthday of the great economist Friedrich Hayek. Born on this date in 1899 in Vienna, Hayek devoted his life to economic education.  Perhaps his best known work is “The Road to Serfdom,” published in 1944.
As well-summarized by Gerald O’Driscoll for the Cato Institute, Hayek’s core thesis “is that one intervention inevitably leads to another. The unintended consequences of each market intervention are economic distortions, which generate further