Austrian economy

Archer.Todd at ic.gc.ca Archer.Todd at ic.gc.ca
Wed May 30 06:52:25 PDT 2001


Michael Perelman quoted:


>dictatorship "may be a necessary system for a transition period. At >times
it is
>necessary for a country that there is some form of dictatorial power. >As
you
>understand it is possible for a dictator to govern in a liberal way. >And
it is
>also possible that democracy governs with a total lack of liberalism. >My
>personal preference is for a liberal dictator and not for a democratic
>government lacking in liberties"

Heh. Interesting how Hayek mixes in inverse proportions socialist politics and economics (less democratic control over a more "democratically" distributed economy). I read his book "The Fatal Conceit." Seems that distributed systems, so long as they are governed by non-distributed systems, are fine and dandy to him.

Todd



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