America now on the road to serfdom 357
Theodore Roosevelt Malloch, writing at American Greatness on what he calls “Bidenomics”, reminds us:
In his indispensable book The Road to Serfdom, Friedrich Hayek explains how central planning of an economy ruins a free society, increasing the power of the state until the people work only to serve those who hold the power of government.
Hayek’s conclusion: “By giving the government unlimited powers, the most arbitrary rule can be made legal; and in this way, a democracy may set up the most complete despotism imaginable.”
