Why Glenn Beck’s hero did not stay in U.S. – no universal health insurance!

The economist Friedrich von Hayek (1899-1992), a free-market ideologue and the intellectual hero of Glenn Beck and others for whom ANY critique of the excesses of present day capitalism amounts to an endorsement of Stalinist central planning, once received an invitation from the University of Chicago to leave the London School of Economics and come to teach in the U.S.

He accepted the invitation but stayed here only a short time before returning to Europe. A major source of his dissatisfaction with life in America? We didn’t have universal health insurance or government-sponsored pensions.*

Maybe some of the candidates who are promising to repeal the Affordable Health Care Act if they’re elected can explain why even Hayek did not think universal health insurance was a stop along his Road to Serfdom.

(*Sylvia Nasar, The Grand Pursuit: the Story of Economic Genius, 2011, p. 408).

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