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Posted By Russ Roberts On April 29, 2011 @ 9:53 am In Politics | Comments Disabled
Some commenter on my rap video with John Papola  claims that policy has “followed Hayek since Reagan” meaning that since the 1980s, we’ve been living in Hayekian paradise. dchris1990 responds:
Really, I had no idea we eliminated the Federal Reserve, the income tax, farm subsidies, corporate subsidies and about 5000 government agencies. Government spending is up a lot since Reagan and the number of regulations and regulatory institutions are up too. Yes, those regulators we’re taken over by corporate interests… which is, of course, exactly what the free market supporter expects to happen, which is exactly why we oppose them.
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