July 1, 2008

Centralization Proves Inadequate to Disaster Aid

  • Peter Leeson

    Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
  • Russel Sobel

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Nobel Laureate F.A. Hayek called central planning the “fatal conceit.” Hurricane Katrina demonstrated just how fatal this conceit can be. Central planning for natural disaster relief, just like in all other affairs, is destined to fail. Private sector activity, also as in all other affairs, provides the best chance of succeeding. 

Read the article at the Journal of International Peace Operations.