by Chidem Kurdas
Law and government should treat people equally. This old principle may seem obvious and firmly in place, but in fact it’s much violated. Instead, the focus is on income distribution. Thus Robert H Frank in the NYT points to the bad effects of income inequality – like people spending too much money to emulate the rich – and suggests we “try to do something about it.”
His column about the costs of income differences shows no awareness of the costs of equity-promoting policies.
Attempts to create income equality erode equality before the law, as F. A. Hayek made clear. The Road to Serfdom – the historic experience as well as the title of Hayek’s book – is paved with egalitarian good intentions. If you feel “serfdom” is too extreme a word, the operative term here is “the road”. Continue reading