The Exaggerated Language of Politics

As we approach the election of the next President of the United States, the political promises of the candidates are going to grow more and more exaggerated. Behind the hyperbolic language of modern politics stands a real danger: the spectre of central planning.

Before citizens and businesses call on government for the remedy of every ill, they should consider the possibility that the cure is worse than the disease. There is no better statement of the necessity of caution than F. A. Hayek's 1944 book, The Road to Serfdom.

The video below is based on the Reader's Digest condensed version of the book. The condensed version is still available from the Institute of Economic Affairs in London.