Wednesday, December 20, 2006

Sachs: Hayek was wrong

Jeffrey Sachs argues that higher taxes and social safety nets produce better results than laissez-faire capitalism.

3 comments:

  1. Stefan Karlsson, Swede and undoubtedly one of the horrible "ideologues" that Sachs is attacking, responds here.

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  2. Oh, my, is Milton Friedman even buried yet? Shouldn't there be a 90 day moratorium on such articles in memory of?

    Seriously, this is an interesting article. I wonder how the poverty spending numbers are affected by charitable giving, supposing there is some relevancy, that is, between a nations poverty spending and charitable giving.

    I wonder too if the climate in the Nordic countries is some incentive for people to work.

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