Peace and progress are the children of freedom. The wealth of nations was explained more than two hundred years ago by Adam Smith. Property rights and markets coordinate behavior in a manner that all are made better off by the pursuit of self-interest.
President Obama's view of the world is in contradiction to anything that has ever succeeded. He believes that elites should manage and direct people's lives. This fatal conceit, as Friedrich Hayek referred to it, produces failure and misery wherever it is tried.
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