That's implicating Hayek in setting the stage for Hitler.
He had no policy power, so no, that job would likely go to Chancellor Heinrich Brüning. But Hayek supported Brüning's policy, which in hindsight must have been a bitch. Which led to the cognitive dissonance.
You haven't shown that Hayek had any cognitive dissonance.
I haven't? You summed it up nicely:
Hayek supports austerity measures;
Austerity causes two years of hardship;
Hitler rises to power based on this hardship; and
Hayek still supports the idea of austerity.
The cognitive dissonance he develops conveniently places the hardship not on the austerity but on the hyperinflation that preceded it, thus blaming the hardship on the hyperinflation, instead of the Versailles reparations that caused it.
And I don't believe he said it was inevitable from the first step. . . .
His book was entitled The Road to Serfdom, as in the first step along that road is to tinker with the economy through regulations, taxation, monetarism, what have you. I haven't read the book yet, no, but I could dredge some more excerpts if you really wish to be pedantic.
It's not irrational. . . .
Actually, it is the very definition of irrational, in that the reasoningprocess the amygdala does to reach its state of disgust cannot be rationally explained. Rationality comes from the pre-frontal cortex. The amygdala takes care of the irrational. That is its job.
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Date: 11/2/13 20:49 (UTC)He had no policy power, so no, that job would likely go to Chancellor Heinrich Brüning. But Hayek supported Brüning's policy, which in hindsight must have been a bitch. Which led to the cognitive dissonance.
You haven't shown that Hayek had any cognitive dissonance.
I haven't? You summed it up nicely:
The cognitive dissonance he develops conveniently places the hardship not on the austerity but on the hyperinflation that preceded it, thus blaming the hardship on the hyperinflation, instead of the Versailles reparations that caused it.
And I don't believe he said it was inevitable from the first step. . . .
His book was entitled The Road to Serfdom, as in the first step along that road is to tinker with the economy through regulations, taxation, monetarism, what have you. I haven't read the book yet, no, but I could dredge some more excerpts if you really wish to be pedantic.
It's not irrational. . . .
Actually, it is the very definition of irrational, in that the
reasoningprocess the amygdala does to reach its state of disgust cannot be rationally explained. Rationality comes from the pre-frontal cortex. The amygdala takes care of the irrational. That is its job.