> In Raod to Sefdom Hayek acknowledges that basic welfare, health and retirment polices are consistant with a liberal state.
True, and it was actually a surprise to me since this part of the book have completely disappeared from later policymaking. It's not that uncommon though, most people using Adam Smith as a reference tend to forget the part where he goes full socialist and calls landlords parasites… I even saw a reedition of Wealth of Nations (in French, from an independant libertarian publisher) where the said chapters where simply removed from the book!
> idioitc regulatory structures
Oh yeah, and the 2008 crisis was a good illustration of how good of an idea it was to remove those “idiotic” regulations. Oopsie
True, and it was actually a surprise to me since this part of the book have completely disappeared from later policymaking. It's not that uncommon though, most people using Adam Smith as a reference tend to forget the part where he goes full socialist and calls landlords parasites… I even saw a reedition of Wealth of Nations (in French, from an independant libertarian publisher) where the said chapters where simply removed from the book!
> idioitc regulatory structures
Oh yeah, and the 2008 crisis was a good illustration of how good of an idea it was to remove those “idiotic” regulations. Oopsie