Hayek, like Burke, believed in the importance of tradition and argued that existing institutions should not lightly be overturned — a position held by most conservatives and many libertarians.
RICHARD RAHN: 'Progressive' means opposite of definition →
F.A. Hayek so clearly explained — that without market-determined prices, there was no way to know the relative value of anything, so productive resources would be misallocated.
RICHARD RAHN: Don't resurrect discredited socialism →