Following Hayek, society may legitimately guarantee a minimum subsistence to workers who lose jobs through morally arbitrary economic change, but must never guarantee their existing income stream, because doing so insulates people from forecasting and adapting to the dynamic process that generates prosperity.
normativepending
Speaker
Mike MungerEvidence Quote
“what we must never do is guarantee their existing income stream”
Created: 6/17/2026, 10:31:24 AM
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