Matt Ehret: Counter-gang von Hayek Revives Mandeville’s Hellfire Club in the 20th Century Part 3 of a Trilogy

Counter-gang von Hayek Revives Mandeville’s Hellfire Club in the 20th Century Part 3 of a Trilogy In Book 8 of The Republic, Plato’s protagonist Socrates observes astutely that “the ruin of oligarchy is the ruin of democracy. The same disease magnified and intensified by liberty overmasters democracy- the truth being that the excessive increase of anything often …