When Friedrich Hayek wrote The Road to Serfdom in the midst of World War II, United States government spending accounted for over 40% of the American economy, up from a mere 3% in the 1920s. Of course, there was a war on at the time. Saving the free world doesn’t come cheap.
Most Western democracies have gone down a different road to serfdom, a road that led not to central planning, but toward the increasing role of experts in public policy.
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