Margaret Thatcher’s Tribute to Friedrich von Hayek

To mark the 75th anniversary of the publication of Friedrich Hayek‘s The Road to Serfdom, several of Hayek’s personal items were auctioned at Sotheby’s in London on March 19th.

Hayek, together with Gunnar Myrdal (the economist from the opposing camp), was awarded the “Nobel Memorial Prize” (not really a Nobel prize) in 1974. At Sotheby’s auction, Hayek’s award citation and gold medal went for over $1.5 million.[1]

Although the Nobel prize[2] gave renewed vigor to the then 75-year old Hayek, he was absolutely clear that economists should not be honored with prestigious prizes. “Nobel Prize confers on an individual an authority which in economics no man ought to possess,” he said. Continue reading “Margaret Thatcher’s Tribute to Friedrich von Hayek”

The Iron Lady who Fought for Freedom

“Freedom, freedom, freedom . . . Sometimes I feel like a motherless child, A long way from my home,” sang Richie Havens at Woodstock. Lots of people struggle for freedom. What are they seeking freedom from? From other people. We have to remember this: People need to leave other people alone. Do what you will and don’t impose your will on others. That should be the totality of the law.

Below the fold, the text of my recent column at NitiCentral.com, “The Iron Lady who Fought for Freedom.” But first here’s Richie Havens in 2009 singing that song which he sang in the 1969 music festival held on Yasgur’s farm near Woodstock, NY.

After 40 years, the man still retains his voice. Watch him at Woodstock here.

Continue reading “The Iron Lady who Fought for Freedom”