Murray N. Rothbard vs. the Philosophers - Ludwig von Mises Institute

REVIEWS AND COMMENTS BY MURRAY N. ROTHBARD 77
outlawing of voluntary closed-shop “yellow-dog”
contracts
compulsory old-age insurance
compulsory unemployment insurance; Hayek favors
Federal compulsion on everyone to take out insurance,
rather than for the government to “insure” everyone
directly itself; however, he would supplement this with
“temporary” federal aid and subsidy to private insurance
companies for such insurance (all this he would
do along the lines of existing compulsory automobile
insurance, which he also favors)
Further, while opposed to the existing federal social security
program, Hayek is against scrapping it entirely, now
that it is set up, and only favors a gradual transformation of
the present system into his proposed system.
Hayek is also against a monetary policy so “tight” as to
lead to protracted unemployment (even though he sees that
unions would be responsible for this unemployment).
an odd maximum limit on proportional taxation which
would only be the percentage of national income
extracted by the government; thus, if the government
decides to extract 50 percent of the national income,
his proposed maximum would be 50 percent
Hayek favors central banking and is opposed to a freemarket
money.
He is against the return to a gold standard; instead he
favors governmental stabilization of the price level, including
in such measures a “commodity reserve standard.”
Hayek also believes that absolute private-property rights are
invalid in cities, and advocates larger municipal ownership.
He favors the following:
town planning by government, to coordinate
neighborhoods, etc.
town planners
a. taxing property owners who “gain” by their measures
even though the individual property owner
may be opposed to the measure
b. subsidizing the “losers”