Rush Limbaugh just quoted from Karen Palasek’s most recent Free Market Minute featured on the front page of the JLF web site. This FMM is part of a series where Karen has transcribed a 1974 Meet the Press interview with the then newly minted Nobel Laureate F.A. Hayek. In the section quoted by Limbaugh, Hayek answers a question posed by the very young at the time George Will.?
Will:
“Dr. von Hayek, capitalism and particularly American
capitalism is seemed to have a good record at giving people a rising
standard of living. Why are so many intellectuals, and particularly so
many economists, skeptical about and even hostile to capitalism?”
Hayek:
“Well, I’ve been puzzling about it for a long time,
particularly about the economists who ought to understand better. It’s
very difficult to know why they don’t. Ah.. I think it’s a attraction
of a system which you can…an intellectual attraction of a system you
can deliberately control, which is fascinating to the intellectual.”
errata: the Meet the Press interview is from 1975
