Posted by
Boris Tiraspolsky on Monday, March 31, 2008 1:12:23 AM
"Friedrich Hayek wondered at Aristotle’s proposition that the ideal order was Autarkos [self sufficiency]. How could the great Aristotle be so ignorant? But have we, in the modern world, built a lasting foundation when all our invention, and all our development, has brought us a runaway bureaucratic mega-system that continually undercuts self-sufficiency?"
Friedrich A. Hayek (1899-1992) - 1974 Nobel Prize winner in Economics,
an Austrian-British economist and political philosopher known for his defence of classical liberalism and free-market capitalism against socialist and collectivist thought in the mid-20th century. He is considered to be one of the most important economists and political philosophers of the twentieth century,
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Autarky and Ancient Wisdom
by J. R. Nyquist
“Republicans who are shaky on protection are shaky all over.”
– Joseph Wharton, Pennsylvania steel magnate
In 1892 Congressman William McKinley warned that abandoning American protectionism and adopting free trade would “revolutionize” the country’s values. Today America is flooded with foreign manufactures and our values have indeed been revolutionized. The influence of foreign money, of indebtedness to foreigners, of dependence on foreign oil, hangs over Washington D.C. like a gallows.
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