Source: David Friedman’s Substack
by David Friedman
“George Orwell got some things right; unlike most political partisans, he saw the problems with the position he supported. He also got quite a lot of things wrong. … The problem is that Orwell, like many of his contemporaries (and ours), did not understand economics and thought he did. Since he wrote we have had extensive experience with free competition, if not as free as Hayek would have wanted, and the result has not been the nightmare that Orwell expected.” (01/04/26)