Thursday, July 12, 2007

Melanie- Ch 9

Q: What happens when we try harder to provide full security (by interfering with the market system)?

A: "Thus, the more we try to provde full security by interfering with the market system, the greater the insecurity becomes; and, what is worse, the greater becomes the contrast between the security of those to whom it is granted as a privilege and the ever increasing insecurity of the underprivileged. And the more security becomes a privilege, and the greater the danger to those excluded from it, the higher will security be prized" (Hayek, 143).

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