Doug Plumb sent me this video about Friedrich Hayek's Road to Serfdom.  It doesn't capture the gist of the book but makes several good points.




Hayek: Milton Friedman a methodological Keynesian because he thinks that government can manage the money supply.  "No government is politically or intellectually capable of providing the exact amount of money that is needed for economic development." "The aggregates, sums, averages and statistics are no substitute for the detailed knowledge of every single price and their relations to one another...(Monetarism is) a mistaken attempt to overcome our limited knowledge."




Hear it from the source: No difference between socialism and fascism.


Milton Friedman on Friedrich Hayek and Anthony Fisher.