Reply to post: Re: More on Hayek

Adam Smith was right about that invisible hand, you know

mfckr

Re: More on Hayek

"Even Hayek seemed to have accepted the need for a social safety net, having admitted as much at one point."

Interestingly, Hayek actually made an argument for universal basic income (i.e., something like a Mincome floor). He seems to conceive this as something necessary for a truly free society, and as a way to circumvent intergroup conflicts over social justice/perceived 'fairness'. Some excerpts of what Hayek wrote on that subject here: http://bleedingheartlibertarians.com/2012/05/hayek-enemy-of-social-justice-and-friend-of-a-universal-basic-income/

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