A couple of days ago I took an entire day to combat the idea of a guaranteed minimum income. It's hard to imagine anyone who understands even a little about liberty, economics and human nature advocating for a Baic Income Guarantee or BIG. Unfortunately, that's exactly what happened. Even more disturbing is where I read it. Libertarianism.org recently put out an article explaining why Frederick Hayek supported a BIG. The rational being, if Hayek advocated for it, then it must be good. Rember, Keynes BAD, Hayek GOOD. In the elementary rational for these two economic giants, it's easy to get sucked into trying to rationalize an idea by Hayek that clearly was not is best. And when this kind of thing is advocated for on a site like Libertarianism.org, it's not something I can simply let go. So the first part of our show today will be refuting what Matt Zwolinski wrote about this interesting subject. From there it's on to radical Islam and finally an update on the currency war. Lot
