Observation

"Pilate saith unto him, What is truth? And when he had said this, he went out again..."

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Location: Tampa, FL, United States

Wednesday, February 25, 2009

Hayek Invoked by Surprise

Rush Limbaugh is a staunch Republican so it came as a shock when he invoked the name of the noted Austrian economist Friedrich August von Hayek (1889-1992) today on his radio show. Rush referenced Hayek's book The Road to Serfdom (1944) when saying Hayek suggested politicians don't like capitalism and the free market system because it implies less centralized control. And politicians like control. Republicans rarely if ever contend for the implementation of Austrian economic theory because, despite their "conservativism," can't seem to jettison existing bloated, central government programs once elected.

While Austrian economists don't acknowledge God's sovereignty in the area of finances and property they of anyone most closely (and "accidently") defend many Biblical principles related to economics. Austrians are anti-Federal Reserve Board, anti-fiat currency, pro-private property rights, pro-entrepreneurialism and understand man operates in a unique fashion and not in lock-step with man-made programs and federal directives. America's two major parties are rapidly arrogating massive property rights to themselves, rendering the little guy impotent and left to waddle down the road to serfdom. This is offensive to Austrians and should be offensive to Christians.

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