Hayek determined to form a society committed to persuading the intellectuals, and hence the masses and their political leaders, to change course.
When you speak, you act; and action implies taking control of one's own body with the underlying idea of private property.
The meltdown of Lehman Brothers in September 2008 didn't begin the crisis; it was a model of how all troubled firms should have been handled. Had this policy been followed from the beginning, I have little doubt that the downturn would already be over and we would not have added to the debt problem.
In the 73 years since the passage of the FLSA, the federal minimum wage has been increased 28 times and decreased only once (in 1963).
After decades of strict laws regulating when stores can open and close in Germany, the laws are progressively liberalizing.
