#week-05

Money is convenient, but also freeing. Government grants help relief, but should the government do it instead?

Image Source This week’s assigned reading was one I found to be very interesting. While “The Road To Serfdom” by Friedrich A. Hayek covered many different topics related to several various issues, one

Image Source There is a strong push in the United States for Democratic Socialism, with Bernie Sanders as one of the idea's leading advocates. Democratic socialists have the lofty desire to end oppression

In Hayek's book The Road to Serfdom, he discusses how central planning leads to tyranny and a lack of individuality. This seems contradictory in theory, because the whole overall goal of centralized planning

Week 5 Reflection

In his 1944 book, The Road to Serfdom, Austrian economist F.A. Hayek discusses the role that central planning by governments plays in leading to authoritarian dictatorships similar to the ones of Nazi

Quickmeme.com When reading The Road to Serfdom, I truly felt the sincerity of Friedrick Hayek and his argument and warnings, it was those of man who doesn't want history to repeat itself and it shows in

image source The idea of central planning and collectivism may seem progressive and efficient. It removes any unnecessary parts of the system and as a result, would provide better than the current system

The Road to Serfdom was written by Fredrick Hayek, is based on Hayek's beliefs of free-market economies, and follows the Austrian School of Economics. Hayek mentions de Tocqueville a political thinker,

This book, the *The Law*, provided very extreme views on the topic being discussed. However, I do believe that *The Road to Serfdom* is substantially easier to follow and the viewpoints are laid out in

The fact that a lot of my peers are quick to say that socialism would be a good thing for America in this day in age is terrifying to me. It goes beyond the liking of socialism; it is an epidemic of my

After constructing my response to the question “Can True Freedom be Found in Socialist Countries?” I started to think more about how economic freedom translates to overall wellbeing. In my response, I

Image Source Centrally-planned economies can very much limit the abilities of the functioning economy to be able to fulfill its necessary role within the system in play. One of the largest pressing issues

Is it better to have a planned gov't (controlled by elected officials) or a planned economy (controlled by the rich)?

This post is in response to the question "Do you think that true freedom can't be found in a socialist society?" posed by @mnkeitz Freedom is something that America has stood behind for decades,

From makeameme.org hattiehughs14 asks in this post: In the past, many socialist countries have ultimately turned to totalitarianism. Some say that the United States is on the verge of having a socialist

I think we gain totalitarian tendencies from pandemics, but I don't think we result in a totalitarian government.

@hattiehughs14 asks "Would the people of the U.S. be comfortable with transitioning into a centrally planned government?" To which I reply, no. It can be debated that the American democratic

Week 5 Response

Image source @nziske asked, "Do you think that competition within our free market economy makes it stronger?" An important factor in ensuring the quality of goods and services provided by American