LIBERTY (SOVEREIGNTY): MARKETS IN EVERYTHING
- Survival (competition)
- Reproduction (Marriage)
- Production (economy)
- Commons (market govt)
- Displute Resolution (natural law)
- Group Evolutionary Strategy (Polities)
Hayek was right of course. He could have taken it even farther. But he was right.
The answer to Keynes(demand/spending) and Hayek(disinformation/misallocation) is solved by credit cards from the treasury – assuming liquidity isn’t predictable. It needs to remain a lottery of uncertainty. The problem they were struggling with was distribution. The financial system is a corrupt distributor, and state spending is even worse distributor of corruption.