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View Diary: Why do conservatives hate Keynes (55 comments)

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  •  I find it impossible to take Hayek on his word (9+ / 0-)

    Hayek's lauding of Pinochet shows his conception of "liberty" to be the conception of the European Aristocracy or Confederate Slave owners.  In that light, his economic writings makes sense, but are, to be nice about it, duplicitous. Maybe you have another explanation.

    As for Friedman,  from his support of the basic income proposal to his implicit support for Fed Bank stimulus, I think he's, at best, unclear about the role of the state in the economy. I should note that Friedman, while not as grotesquely as Hayek also has moral problems due to Pinochet.

    Conservatives had an excellent point about 1930s leftists who found justifications for Stalin. But they have worked very hard to evade the consequences of this analysis applied to Pinochet.

    self-appointed intellectual cop

    by citizen k on Sat May 11, 2013 at 05:28:17 PM PDT

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    •  Conservatives' love for Pinochet (1+ / 0-)
      Recommended by:

      is similar to certain lefties' love for Chavez, or, in earlier eras, Stalin or Castro. Mostly romantic and self-serving, quite disappointing, and based on enormous amounts of self-delusion if not outright dishonesty, to make reality fit into their rigid ideologies. Which is why ideologues of all stripes are quite tiresome.

      "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

      by kovie on Sun May 12, 2013 at 06:58:26 AM PDT

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