Peter Boettke recently provided readers of the American Institute of Economic Research a valuable reminder of an important work on behalf of liberty in his "The Road to Serfdom at 75 Years Young." As Friedrich Hayek's The Road to Serfdom has long been one of my favorite books, I appreciated the reminder of that major anniversary. And for today's environment, I particularly liked the quote Boettke used to summarize Hayek's warning in the book:

That democratic socialism, the great utopia of the last few generations, is not only unachievable, but…to strive for it produces something so utterly different that few of those who would now wish it would be prepared to accept the consequences...